Hargreaves Lansdown Price War Increases Costs for Investors
Major fund platform Hargreaves Lansdown recently announced their new pricing model for the implementation of RDR which separates the fees charged by the fund manager from that charged by the fund platform and from the cost of the advice from your adviser. In the past this has all been bundled together in a single fee so there has been no transparency as to how much each element costs. Hargreaves Lansdown new Prices Increases Costs for Investors The new pricing from HL (Hargreaves Lansdown) sheds some more light on this. Where they previously had claimed that their Loyalty Bonus rebates were up to 0.5%, they are now admitting the average is actually only 0.17%. Some funds are paying Hargreaves Lansdown more than the amount the fund manager gets for choosing the investments made. The headline figure is that Hargreaves Lansdown will now be charging 0.45% of your portfolio for holding it on their platform. Alongside that there are a myriad of other fees they are charging...