Hargreaves Lansdown, the UK’s largest platform for private investors, is cutting the fees on its Lifetime ISA (LISA) and getting rid of them altogether for its Junior ISA in a bid to attract investors looking to pass on generational wealth.
Around 80% of UK wealth is held by those over 45. Younger people have become increasingly disadvantaged when it comes to investing and saving. Wages are rising, but failing to keep up with inflation which is also making it more difficult to save.
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Hargreaves Lansdown’s new fees
How do other platforms compare?
| Platform | Junior ISA Fee | Lifetime ISA fee |
| Hargreaves Lansdown | No fee, no FX charges. Regular savings, dividend reinvestment and telephone dealing charges remain. | 0.25% on the first £1m. Equities charged at 0.25%, capped at £45. |
| AJ Bell | 0.25%. Buy and sell investments for £1.50. | 0.25% on the first £250,000. 0.10% on anything between £250,000 and no charge on funds over £500,000. |
| interactive investor | Fee-free regular investing service. Trade shares from £5.99-£19.99. Reinvest your dividends for 99p. | ii does not offer a LISA. |
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