Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Voyager2002
    • By Voyager2002 4th Jan 18, 1:02 PM
    • 12,145Posts
    • 8,262Thanks
    Voyager2002
    Interactive Investor -- new charging model?
    • #1
    • 4th Jan 18, 1:02 PM
    Interactive Investor -- new charging model? 4th Jan 18 at 1:02 PM
    As a former TD Direct customer, before the merger they sent me an email suggesting that their fixed fees would replace the commission they would normally receive from Mutual Fund charges. The implication was that the OCF that I would face would be lower than that shown on the fund information: this is important to me since one of my favourite Mutuals has an OCF in excess of 2% p.a. However, all attempts to get anything specific out of II have failed, so...

    Has anyone here got any firm information about how the OCF of holding mutual funds will change under the new charging model?
Page 1
    • ColdIron
    • By ColdIron 4th Jan 18, 1:38 PM
    • 4,260 Posts
    • 5,392 Thanks
    ColdIron
    • #2
    • 4th Jan 18, 1:38 PM
    • #2
    • 4th Jan 18, 1:38 PM
    I am unfamiliar with II but this sounds like a reference to 'dirty' classes available before 2014. Commission is now not allowed post RDR unless you already held units in that class. The OCF is charged by the fund managers not the platform so unless you still hold those dirty classes, to do what you expect would require II to negotiate a super clean class with all fund houses which is unlikely
    • ivormonee
    • By ivormonee 4th Jan 18, 7:40 PM
    • 167 Posts
    • 102 Thanks
    ivormonee
    • #3
    • 4th Jan 18, 7:40 PM
    • #3
    • 4th Jan 18, 7:40 PM
    As a former TD Direct customer, before the merger they sent me an email suggesting that their fixed fees would replace the commission they would normally receive from Mutual Fund charges.
    Originally posted by Voyager2002
    Could you post the email or the relevant part of it?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

129Posts Today

1,665Users online

Martin's Twitter
  • RT @LaraLewington: ...and mine suggested I'd achieved a lifelong ambition of being sawn in half by a magician - at our wedding. Wasn't. Don?

  • We are working on it - I think BA has behaved awfully on this. Those flight were no obviously a glitch. It should? https://t.co/8pvtXtUEqi

  • RT @thenicolabryant: Absolutely. We need mental health and financial health as advocated my @MartinSLewis , to be taught in schools. So muc?

  • Follow Martin