fees

Investors Chronicle, 14 May 2020, Watch what you’re being charged

This article https://www.investorschronicle.co.uk/managing-your-money/2020/05/14/watch-what-you-re-being-charged/ quotes Cliff Weight and ShareSoc extensively. Cliff Weight, director at investor campaign group ShareSoc, says that although £195 sounds like a reasonable price for the administration of transferring stocks and closing an account, if a firm has good systems it doesn’t seem fair if this level of fee is charged for every account held by one person. “A client could notionally have five accounts, but it’s the same press of a button,” he argues. Lack of awareness Although Redmayne Bentley’s fees are not more punitive ...

Scottish Mortgage Investment Trust reduces fees

The Scottish Mortgage Investment Trust has announced that the management fees paid to Baillie Gifford are to be reduced. They are coming down from  0.32% to 0.30% of net assets per annum. This reduction is surely to be welcomed, and there is no performance fee at this trust. The Chairman of the company, John Scott,  said: "Both the Board and Managers are keenly aware that low charges have a major impact on long term returns especially when compounding is taken into account.  ...