Hargreaves Lansdown’s charging changes made a splash this week, as the platform slashed its annual account charge for stocks and shares ISAs and SIPPs from 0.45% to 0.35% beginning in March.
Fund and share account charges for holding funds are also set to be trimmed down, with a 0.35% charge added to hold shares. Other tinkering includes a cut to the cost of buying and selling shares (from £11.95 to £6.95 for buying or selling online shares, falling to £3.95 for more prolific users) and a new £1.95 charge for buying and selling funds online. As ever, for individual retail investors the devil may be in the detail and the additional changes mean understanding what they are paying for and how much remains a challenge. While many of its customers should end up paying less ...
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