August 21, 2014

Fidelity reveals new personal investing charges

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 are the respective service charge, share dealing charges and FX rates. Fidelity will also not levy any exit fees for those investors who wish to transfer out to another provider.

In an announcement on its website, the reputable platform states that its rivals may claim to have low rates but subject investors to a range of additional fees which can add up quickly.

Barclays Stockbrokers is the only major platform left to reveal its new charging structure and is expected to do so later this month.

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