The following table shows the detailed charges for holding investment companies on different platforms. These include:
- Core charges. You pay these for using the platform, even if you make no trades. Typically, these will either be based on a percentage of your assets on the platform, or a flat fee.
- Pension charges. You will pay these in addition to the core charges if the account you hold on the platform is a pension (SIPP).
- Ad hoc investment company transactions. These are the charges you will pay for buying or selling (“trading”) investment company shares on the platform. The more you trade, the more you pay.
- Regular investing charge. Some platforms offer heavily discounted trading charges if you set up a regular monthly purchase. But be aware: the investment companies you are allowed to buy at these discounted rates may be limited. For example, some platforms' monthly trading plans only cover investment companies in the FTSE 350.
- Automatic dividend reinvestment fee. Some platforms allow you to reinvest your dividends automatically rather than take the income and offer discounted trading charges for this. Others do not offer this service (indicated by “N/A”).
Where parts of the table are left blank, this indicates the platform in question does not offer the relevant service, or does not offer investment companies.
(Financial advisers: to see our research on advised platforms, please visit the Financial adviser centre.)
This table has been produced by the lang cat, a platform consultancy, in association with the AIC.
Source: AIC/the lang cat (last update 17/11/2023)