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Interactive Investor (iii) and TDW website/app issues
Sara G
Posted: 06 January 2018 18:14:25(UTC)
#21

Joined: 07/05/2015(UTC)
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philip gosling;55077 wrote:

Hopefully Halifax for the ISAs and HL.co.UK for the SIPP (free instead of 0.45% if you uses their ready portfolios.), will be better than II is now.


Philip, I don't think that's correct... the 0.45% platform fee still applies according to their website:


In fact, as the Ready Made Portfolios are comprised of the HL Multi-Manager funds, you're actually paying 3 sets of charges: the platform fee, the charge for the funds, and the underlying fund charges. Extract as follows:

"Only the standard Vantage account charges and those of the underlying funds. There are no additional charges for HL Portfolio+ and no charge to rebalance the holdings.

The Vantage account charge is an administration charge to hold funds in the Vantage Service. Our charge is tiered within bands and will be 0.45% per annum on the first £250,000 of funds within each Vantage account, 0.25% per annum on the value of funds between £250,000 and £1m, 0.1% per annum on the value of funds between £1m and £2m, and no charge on the value of funds over £2m.

Like any fund, each HL Multi-Manager fund has an ongoing charge (OCF/TER). The ongoing charge (OCF/TER) for the portfolios are as follows as of 31/10/2017:

Portfolio name Ongoing charge (OCF/TEF)
Adventurous Income 1.36%
Balanced Income 1.33%
Conservative Income 1.32%
Adventurous Growth 1.48%
Balanced Growth 1.45%
Conservative Growth 1.36%
Please note - the ongoing charge (OCF/TER) will vary over time dependent on the relative performance of the funds held within each portfolio."
1 user thanked Sara G for this post.
philip gosling on 13/01/2018(UTC)
Harry Trout
Posted: 06 January 2018 18:51:59(UTC)
#23

Joined: 08/06/2014(UTC)
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A rather tenuous point to flow on from this but Hargreaves Lansdown don't charge the 0.45% platform fee for holding their own shares.

I don't recall any HL shareholders on this forum and so will not anticipate being showered in petals and garlands for mentioning it !!

It's worth a few bob to me per year though.
Tug Boat
Posted: 06 January 2018 19:18:41(UTC)
#24

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Yes they do
Harry Trout
Posted: 06 January 2018 19:30:27(UTC)
#25

Joined: 08/06/2014(UTC)
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Tug Boat;55083 wrote:
Yes they do


They don't charge me or Mrs Trout. I have double checked our ISA and SIPP.

I was referring to holding shares in Hargreaves Lansdown itself not holding units in their multi manager funds.
philip gosling
Posted: 07 January 2018 00:50:21(UTC)
#22

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Sara G;55080 wrote:
philip gosling;55077 wrote:

Hopefully Halifax for the ISAs and HL.co.UK for the SIPP (free instead of 0.45% if you uses their ready portfolios.), will be better than II is now.


Philip, I don't think that's correct... the 0.45% platform fee still applies according to their website:


In fact, as the Ready Made Portfolios are comprised of the HL Multi-Manager funds, you're actually paying 3 sets of charges: the platform fee, the charge for the funds, and the underlying fund charges. Extract as follows:

"Only the standard Vantage account charges and those of the underlying funds. There are no additional charges for HL Portfolio+ and no charge to rebalance the holdings.


Sarah g,


Oops! Bestinvest SIPP not Hl. Sorry for Senior moment but thanks for your spotting it.

The Vantage account charge is an administration charge to hold funds in the Vantage Service. Our charge is tiered within bands and will be 0.45% per annum on the first £250,000 of funds within each Vantage account, 0.25% per annum on the value of funds between £250,000 and £1m, 0.1% per annum on the value of funds between £1m and £2m, and no charge on the value of funds over £2m.

Like any fund, each HL Multi-Manager fund has an ongoing charge (OCF/TER). The ongoing charge (OCF/TER) for the portfolios are as follows as of 31/10/2017:

Portfolio name Ongoing charge (OCF/TEF)
Adventurous Income 1.36%
Balanced Income 1.33%
Conservative Income 1.32%
Adventurous Growth 1.48%
Balanced Growth 1.45%
Conservative Growth 1.36%
Please note - the ongoing charge (OCF/TER) will vary over time dependent on the relative performance of the funds held within each portfolio."

Bigbird
Posted: 16 January 2018 13:23:17(UTC)
#26

Joined: 16/01/2018(UTC)
Posts: 3

Secure message facility on my account has been down for around 10 days now depite raising the issue with them.

Happened immediately after I declared intention to transfer! Funny that.
Bigbird
Posted: 16 January 2018 13:24:47(UTC)
#27

Joined: 16/01/2018(UTC)
Posts: 3

So when is the deadline to transfer to another broker to avoid the penal transfer charges?
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