New HL fee structure from 01/03/26

RL11

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Trading 212 is almost completely free too. I've never paid them a penny! Stamp Duty on shares is my only cost.
As far as I can see, they only make money from foreign exchange fees (e.g. buying shares in a foreign company) or if you pay in more than £2,000 via your card - bank transfers are free.

Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees

masonic

RL11 said:

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Trading 212 is almost completely free too. I've never paid them a penny! Stamp Duty on shares is my only cost.
As far as I can see, they only make money from foreign exchange fees (e.g. buying shares in a foreign company) or if you pay in more than £2,000 via your card - bank transfers are free.

Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees

They make their money from the casino gambling arm (CFDs) where the vast majority of punters lose money.

RL11

masonic said:

RL11 said:

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Trading 212 is almost completely free too. I've never paid them a penny! Stamp Duty on shares is my only cost.
As far as I can see, they only make money from foreign exchange fees (e.g. buying shares in a foreign company) or if you pay in more than £2,000 via your card - bank transfers are free.

Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees

They make their money from the casino gambling arm (CFDs) where the vast majority of punters lose money.

No platform fees, even for a CFD though? You can lose money on shares and funds too, as we all know 

ColdIron

RL11 said:

masonic said:

RL11 said:

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Trading 212 is almost completely free too. I've never paid them a penny! Stamp Duty on shares is my only cost.
As far as I can see, they only make money from foreign exchange fees (e.g. buying shares in a foreign company) or if you pay in more than £2,000 via your card - bank transfers are free.

Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees

They make their money from the casino gambling arm (CFDs) where the vast majority of punters lose money.

No platform fees, even for a CFD though? You can lose money on shares and funds too, as we all know 

When you lose money on shares and funds the platform doesn't benefit. They are just worth less for you and your platform may earn fewer fees to boot

Albermarle

These low caps on holding shares, compared to the relatively high costs of holding OEIC funds never really made a lot of sense. On the other hand there is more lower cost competitors out there.

I wonder if the ones at two of their main competitors, Fidelity and AJ Bell, will last the distance.

AJ Bell have a cap of £42 for an ISA and I think it is about £120 for their SIPP.
Fidelity have a platform wide cap of £90 - so good if you have an ISA and a SIPP.

olderbutnowiser

I guess I'm one of the big losers here with a capped ISA and F&S. ISA currently capped at £45 pa and F&S is free (no funds).

New (improved??) pricing will cost me £150 for each - an increase of £255 pa.

I see ii are also about to change fees but it seems for £180 pa I could have and ISA and a Trader Account, together with cheaper trades and one free trade a month.

Whilst I would save over £10 a month by switching, I'm not sure if it's worth the hassle but remain to be convinced.

masonic

RL11 said:

masonic said:

RL11 said:

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Trading 212 is almost completely free too. I've never paid them a penny! Stamp Duty on shares is my only cost.
As far as I can see, they only make money from foreign exchange fees (e.g. buying shares in a foreign company) or if you pay in more than £2,000 via your card - bank transfers are free.

Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees

They make their money from the casino gambling arm (CFDs) where the vast majority of punters lose money.

No platform fees, even for a CFD though? You can lose money on shares and funds too, as we all know 

As ColdIron says, they don't need platform fees for CFDs because they get to keep the customer's money when they lose, just like at the casino.

RL11

masonic said:

RL11 said:

masonic said:

RL11 said:

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Trading 212 is almost completely free too. I've never paid them a penny! Stamp Duty on shares is my only cost.
As far as I can see, they only make money from foreign exchange fees (e.g. buying shares in a foreign company) or if you pay in more than £2,000 via your card - bank transfers are free.

Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees

They make their money from the casino gambling arm (CFDs) where the vast majority of punters lose money.

No platform fees, even for a CFD though? You can lose money on shares and funds too, as we all know 

As ColdIron says, they don't need platform fees for CFDs because they get to keep the customer's money when they lose, just like at the casino.

Still irrelevant that they make money from CFD's if you stick to only using their S&S ISA and Share account.

masonic

RL11 said:

masonic said:

RL11 said:

masonic said:

RL11 said:

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Trading 212 is almost completely free too. I've never paid them a penny! Stamp Duty on shares is my only cost.
As far as I can see, they only make money from foreign exchange fees (e.g. buying shares in a foreign company) or if you pay in more than £2,000 via your card - bank transfers are free.

Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees

They make their money from the casino gambling arm (CFDs) where the vast majority of punters lose money.

No platform fees, even for a CFD though? You can lose money on shares and funds too, as we all know 

As ColdIron says, they don't need platform fees for CFDs because they get to keep the customer's money when they lose, just like at the casino.

Still irrelevant that they make money from CFD's if you stick to only using their S&S ISA and Share account.

It's not irrelevant to the statement "Not entirely sure how they make any money when most other companies have all sorts of fixed, one off and percentage fees"

You've now had it explained to you.

RL11

olderbutnowiser said:

I guess I'm one of the big losers here with a capped ISA and F&S. ISA currently capped at £45 pa and F&S is free (no funds).

New (improved??) pricing will cost me £150 for each - an increase of £255 pa.

I see ii are also about to change fees but it seems for £180 pa I could have and ISA and a Trader Account, together with cheaper trades and one free trade a month.

Whilst I would save over £10 a month by switching, I'm not sure if it's worth the hassle but remain to be convinced.

I'm trying out an "in-specie" transfer from my HL Fund & Share Account to a Trading 212 Invest account as I only have 3 shares to move. Should be FOC to transfer and no fees once at Trading 212. Will be interesting to see how long it takes.