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HL fees reducing

24

Comments

  • Ciprico
    Ciprico Posts: 674 Forumite
    Part of the Furniture 500 Posts Name Dropper
    The email actually tells you how much more you will be paying....

    For me it's £4 per month 

    For a drawdown sipp that only contains ITs ETFs and Gilts and an ISA containing similar

    Not a massive amount, but I was considering moving to II for the cashback, and this is a further push in that direction... 
  • MarkCarnage
    MarkCarnage Posts: 725 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    84% or £205 increase for me across all 3 accounts. Even factoring in the reduced dealing costs it's probably a 60% increase as I only deal maybe 7-8 times a year. 

    II are about to introduce a pretty attractive pricing structure. 
  • Doshwaster
    Doshwaster Posts: 6,398 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    I slept on it last night and have just kicked off the process to transfer to II. Their cashback offer expires at the end of the month

  • squirrelpie
    squirrelpie Posts: 1,655 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper

    Sorry, where does the email tell me what I'll be paying? It lists the various changes to charges, but doesn't provide an example of how it will work in my particular case that I can see.

  • MarkCarnage
    MarkCarnage Posts: 725 Forumite
    Sixth Anniversary 500 Posts Name Dropper

    It's pretty clear, about a third of the way down the email below the section on trading'dealing fees and above the tab to try the calculator. Here's mine

    Based on the value of your investments as of 31 December 2025, this means you’ll be paying roughly £17 more each month in account charges***.

     Remember, this calculation won’t include any charges you may incur for buying or selling funds, shares or other investments, as this will depend on how often you choose to trade. 

  • squirrelpie
    squirrelpie Posts: 1,655 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper

    It's pretty clear, about a third of the way down the email below the section on trading'dealing fees and above the tab to try the calculator. Here's mine

    Based on the value of your investments as of 31 December 2025, this means you’ll be paying roughly £17 more each month in account charges***.

     Remember, this calculation won’t include any charges you may incur for buying or selling funds, shares or other investments, as this will depend on how often you choose to trade. 

    It's not clear in the email they sent me. There's nothing like that in the text they sent me. I have a SIPP and an ISA with them.

  • DRS1
    DRS1 Posts: 2,806 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker

    Right at the end of the email above the bit about downloading their app do you have a section with *** which reads

    ***Our estimate on the change to your monthly charge is based on account charges only and is a generic calculation based on your account values as at 31 December 2025. Individuals with specific personal circumstances or non-standard investments might see different results. Your actual impact will vary due to future market movements or other account instructions.

  • MarkCarnage
    MarkCarnage Posts: 725 Forumite
    Sixth Anniversary 500 Posts Name Dropper

    Looked like a standard format email to me, so seems odd if they haven't got a section on your own estimated future charges. My wife's email was very similar to mine except her platform charges are 'only' going up £16 a month….so our experience doesn't accord with the headline of this thread! Nor will anyone else who has a reasonable size of portfolio invested in shares/ITs/ETFs. Between us we will be about £400 a year worse off.

  • squirrelpie
    squirrelpie Posts: 1,655 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper

    Right at the end of the email above the bit about downloading their app do you have a section with *** which reads

    ***Our estimate on the change to your monthly charge is based on account charges only and is a generic calculation based on your account values as at 31 December 2025. Individuals with specific personal circumstances or non-standard investments might see different results. Your actual impact will vary due to future market movements or other account instructions.

    No, the word 'estimate' doesn't appear in the email at all, neither the plain text version nor the HTML version.

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