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Unbundling Hargreaves' new charging structure
Hargreaves' unbundled charging structure represents a big improvement on what went before, but watch out for some cheeky hidden costs.
Is Hargreaves Lansdown’s announcement of its unbundled charging structure the start of a new cleaner era in fund investing? I think it probably is.
Hargreaves has hacked into its legendary profit margins to provide some investors with a combined fund and platform charge of just under 1% a year. It’s a big improvement on what went before.
But don’t be too seduced by the headline figures: there’s also some Ryanair-style hidden charges lurking in today’s announcement. For a rundown of all the changes, and some tips on how to avoid too hefty a bill, watch my video above.