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Charges for IT savings plan - have F&C lost the plot
Posted: 09 February 2013 00:46:39(UTC)

Joined: 21/10/2010(UTC)
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One good point about investment trusts was the availability of low cost savings plans - the ability to buy modest amounts of shares and low charges. Now F&C share plan managers want to charge 40 gbp per year for you to hold trusts in their plan - duh, there are plenty brokers who will hold them for free!

For me, this so goes against the spirit of investment trusts - as Del Boy might have said, what plonkers!
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antigricer on 11/02/2013(UTC)
philip gosling
Posted: 10 February 2013 06:11:59(UTC)

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Well they have charged £30 plus VAT of £6 = £36 for ISA Holdings for years. I re invest dividends and this year F&C really showed they have 'lost the plot' by buying shares one week with my dividends and then the next week selling some of them to pay the annual charge. If I wanted short term trading why would I invest with F&C?
Phil Edinburgh
2 users thanked philip gosling for this post.
ynys on 10/02/2013(UTC), antigricer on 11/02/2013(UTC)
Posted: 11 February 2013 10:51:41(UTC)

Joined: 23/10/2007(UTC)
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I shall be transferring my Plan holding to another provider.
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ynys on 11/02/2013(UTC)
Posted: 26 February 2013 23:54:33(UTC)

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I have sold off my holdings only, what they presumably would regard as modest, 4.6 k but there u go - wont be using they're services again.
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