Fund supermarket Hargreaves Lansdown has overhauled its charges. New rules (under the Retail Distribution Review) mean that investment platforms such as Hargreaves Lansdown (HL) will shortly be banned from receiving trail commission from fund managers, when customers buy their funds through the platform.
As a result, customers will now pay an explicit fee to the fund manager, and a separate one to their fund supermarket.
As HL is such a heavyweight in the sector, with around 500,000 clients, the changes have been keenly awaited by both rivals and customers. So how does the new, more transparent pricing [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 3 week FREE trial to get instant access.