Tricky times for HL ahead?
Discussion
Vanguard have announced they are launching their own low cost platform & HL shares dropped 8%:
http://www.telegraph.co.uk/investing/news/does-van...
HL are currently charging me £140-odd a month in fees so if I move my business to Vanguard I'll pay less in a year than HL charge in three months. It gets better than that though: I received a letter from Vanguard advising that, as I'm an existing customer, they will waive the 0.15% account fee for as long as I remain with them.
It will be interesting to see how good the interface & services offered on their platform are.
http://www.telegraph.co.uk/investing/news/does-van...
HL are currently charging me £140-odd a month in fees so if I move my business to Vanguard I'll pay less in a year than HL charge in three months. It gets better than that though: I received a letter from Vanguard advising that, as I'm an existing customer, they will waive the 0.15% account fee for as long as I remain with them.
It will be interesting to see how good the interface & services offered on their platform are.
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