This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
GB
Pocketmags Digital Magazines
   You are currently viewing the United Kingdom version of the site.
Would you like to switch to your local site?
Digital Subscriptions > > WHAT LIES BENEATH

WHAT LIES BENEATH

Online fees for direct business-to-client services look set to tumble in an impending industry shake-up, but beneath attention-grabbing platform price cuts other costs may lurk

When Vanguard UK announced a 50% reduction in its UK closed-platform fee structure for online clients recently, it certainly caused a stir.

‘FINANCIAL SERVICES HAVE BECOME EXPERT AT ENSURING THAT VISIBLE FEES ARE JUST THE TIP OF THE ICEBERG’

One commentator heralded it as “throwing down the gauntlet to high-charging rivals and financial advisers by slashing fees to less than half the UK average”. Since the announcement, I have been asked about little else.

READ MORE
Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.