August 1, 2014

Investors ditch leading UK platform for cheaper fees

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 one platform.

The Sunday Times also claims that smaller rivals such as Youinvest from AJ Bell, have also seen a 70 percent increase in applications.

 

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