Interactive Investor launches re-reg incentive

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Execution-only broker Interactive Investor is offering investors up to £240 in cash and trading credit if they switch £3,000 or more to the platform by the end of February.

New clients who make the switch before 28 February are eligible for £120 in trading credit in addition to £10 per line of investment transferred, up to a maximum of £120. Existing customers who transfer a minimum of £3,000 will receive £120 in credit, which is added to the account in four, quarterly instalments. Interactive Investor chief executive Adam Seale said: "With the effects of RDR [Retail Distribution Review] legislation still rippling through the investment industry, a number of platforms are introducing new charges, and/or increasing existing fees for their clients as they ...

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