Vanguard has unveiled a direct-to-consumer (D2C) platform for its UK customers, providing a lower-cost way to access the firm's passive and active fund ranges.
To access the funds, investors will pay an account administration fee of 0.15% per annum, capped at £375, in addition to the ongoing charges figure (OCF). However, no account fee will be charged above the first £250,000 invested. There is a minimum investment of £500 to join the service or a monthly savings contribution of £100, which will provide access to the firm's suite of funds including the LifeStrategy range, index funds, ETFs, Target Retirement Funds (TRFs) and actively-managed vehicles. All the funds are available via an ISA, Junior ISA or general account, while a SIPP will b...
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