Barclays have changed to free S&S ISA fees.
Barclays have changed to free S&S ISA fees.
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Discussion

Jon39

Original Poster:

14,669 posts

169 months


This was a surprise.

Barclays took over the Sharelink business and for years kept the same fees and customer admin system.
Everything was satisfactory.

I forget when, but a number of years ago, they announced 'improvements'. Always a dangerous word to use.
What they really meant was, their fee cap was removed completely, customer service was relocated and a shambles occurred.
There was a topic here at the time.
Many customers moved away quickly, but I gave them time, although eventually moved too.

Something has clearly now made them have a rethink, so free fees might be of interest to some here.

Remember though, that NatWest also ran free fees for a while, but after a few years, they entirely closed their ISA operation, which I think was based in Bristol.


Edited by Jon39 on Thursday 11th June 14:03

C69

1,200 posts

38 months

It looks like Barclays has adopted the Scottish Widows model: no platform fee, and zero dealing fees for regular investing.

There are dealing fees for one-off transactions, though (£6 Barclays / £5 Scottish Widows). Whether or not those amounts are significant depends on the size and frequency of such trades, of course.

butchstewie

65,322 posts

236 months

Suspect between the likes of 212 for smaller accounts and II and IWEB/Scottish Widows quite a lot of platforms are having to adapt or see outflows.