July 22, 2014

CF Woodford Equity Income Fund details revealed

CF Woodford Equity Income Fund

Details of the CF Woodford Equity Income Fund have been revealed, the new fund from Neil Woodford with a launch day of June 2nd. Woodford Investment Management confirmed that the fund will utilise Woodford’s renowned investment strategy with a focus on selecting companies with ‘sustained dividend growth’. Woodford added that his ‘passion and energy have [...]

Interactive Investor joins Fidelity in removing exit fees

Interactive Investor

Interactive Investor has joined Fidelity in removing exit fees for customers. However unlike Fidelity, Interactive Investor’s removal of exit fees is only applicable to new customers according to Money Mail. The flat-fee fund platform is waiving its £15 per line of stock exit fee for a year in order to give investors the confidence to [...]

Investoo launches rate my platform service for DIY investors

New

Investoo has launched ‘rate my platform’, a qualitative user-driven review based system for DIY investors to independently review their provider amidst an influx of platforms. Featuring over 10 fund and share dealing platforms, the newly launched service  ( http://www.investoo.co.uk/forum/rate-my-platform/ ) invites investors to provide feedback on their existing provider of choice to help other investors [...]

FCA reveals too many financial advisors not clear on costs

FCA

The FCA has revealed that three quarters of financial advisors were failing to inform clients exactly how much they were charging for advice relating to investments. In a statement, the industry watchdog revealed failings that were ‘widespread across the industry’, with private banks and wealth managers reportedly among the worst offenders.

Investors warned over 13 ‘sneaky’ charges from fund supermarkets

Stock Market

Investors have been warned about 13 ‘sneaky charges’ from fund supermarkets following the ban on receiving commission from fund managers. While fund supermarkets have responded by introducing their own ‘platform fee’, The Sunday Times (via Nutmeg) has warned investors of a number of charges that undermine moves by regulators to make charges clearer. Amongst the [...]

Fidelity demands a ban on exit fees for investors

Banned

Fidelity has called for an outright ban on service providers charging exit fees on investments held when switching providers. The company believes investors are typically not initially aware of exit fees levied by some providers, which can act as a significant barrier to switching providers in the future. Fidelity is currently covering the costs of [...]

Trustnet Direct officially launches for DIY investors

notes

Trustnet Direct has launched its online execution platform for DIY investors today, months after surprising the industry that its arrival in the sector was imminent. The new service has a platform fee of 0.25%, capped at £200 per annum and aims to provide investors with a high-level of detail in an easy-to-comprehend manner. It’s unique [...]

Investors ditch leading UK platform for cheaper fees

Interactive Investor

UK DIY investors are reportedly ditching one of the UK’s leading investment platforms  in pursuit of lower charges. Interactive Investor has reportedly seen 80 percent increase in applications in just seven days since a leading UK platform announced its revised pricing structure. Of these applications with Interactive Investor, more than half are reportedly switching from [...]

Fidelity reveals new personal investing charges

pound coins

Fidelity personal investing has arguably revealed the clearest set of RDR friendly investment charges yet for DIY investors. It’s new charging structure effective 9th February 2014 entails one service charge which ranges from 0.35% to 0.2% depending on the value of assets held. The company claims that the only charges investors will be subject to [...]

DIY Fund platforms begin promotions including free ISAs

pound coins

Online stockbrokers have commenced a number of promotions aimed at attracting DIY investors from rival fund platforms. Topping the list of promotions is a new incentive from AXA Self Investor which is waiving a 0.5% Stocks and Shares ISA administration charge until May 2015. With no exit fees, AXA is inviting DIY investors to try [...]