Charles Stanley Direct completes charging structure overhaul

The company has cut the minimum value of fund holdings that would make a client eligible for its Funds Loyalty Bonus Scheme from £500,000 to £250,000. Holdings of up to £500,000 will carry a reduced platform fee of 0.2%. From £500,000 to £1m fees will drop to 0.15%, from £1m to £2m they will reduce further to just 0.05%, and fees will be waived for balances over £2m. Charles Stanley Direct is also waiving the annual Self Invested Personal Pensions (SIPP) wrapper charge of £100+VAT for customers with aggregated balances in excess of £30,000 across stocks, shares, cash and fund assets. ...