Hargreaves Lansdown scraps fees on investing in shares and ETFs

Fee cuts and removals confirmed for savers across several services

Elliot Gulliver-Needham
clock • 1 min read

Hargreaves Lansdown has removed and cut fees from several of its services, reducing the total cost for regular investors.

Yesterday (11 April), the firm said it would remove the charge of £1.50 per deal to invest in shares, investment trusts and exchange-traded funds through regular savings by direct debit, bringing the products in line with the active funds it offers. In addition, the firm removed the charges to reinvest dividend income into shares, which was previously charged at 1% of the reinvestment value, with a minimum charge of £1 and a maximum charge of £10. The changes will apply to new and existing clients. It comes after the firm cut platform fees on HL Lifetime ISAs to 0.25% last month, w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 27 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read