Banking & savings

The latest on cash accounts, ISAs and other savings products, plus retail bond launches

Peer-to-peer lending: an investment you might be missing

Peer-to-peer lending: an investment you might be missing

16 Apr 2014

Times are hard for savers in the current economic climate. With interest rates still incredibly low, those who have saved for their future are being punished for the sins of others.

Fidelity hits out at Hargreaves Lansdown and other platforms for persisting with 'anti-competitive' exit fees

Fidelity hits out at Hargreaves Lansdown and other platforms for persisting with 'anti-competitive' exit fees

24 Mar 2014

Fund supermarket Fidelity has criticised rivals including Hargreaves Lansdown, Alliance Trust Savings and Charles Stanley Direct for continuing to charge exit fees, a practice which it describes as acting as a ‘barrier to exit’ for customers seeking to switch between investment platforms.

Advisers warn of peer-to-peer lending risks following Budget 2014 ISA changes

Advisers warn of peer-to-peer lending risks following Budget 2014 ISA changes

24 Mar 2014

Although investors will soon be able to hold peer-to-peer lending investments within their ISAs following changes announced in last week's Budget, advisers have cautioned that such investments carry a number of risks.

Renewable energy VCTs face 'major challenges' in the wake of 2014 Budget

Renewable energy VCTs face 'major challenges' in the wake of 2014 Budget

20 Mar 2014

Changes to the rules governing venture capital trusts (VCTs) announced in this week's Budget will make it very difficult for the tax-privileged vehicles to invest in renewable energy companies, according to industry experts.

Stocks and shares ISAs and cash ISAs merged with new £15,000 annual allowance

Stocks and shares ISAs and cash ISAs merged with new £15,000 annual allowance

19 Mar 2014

In his 2014 Budget speech, chancellor George Osborne has announced that the allowances for cash ISAs and stocks and shares ISAs are to be merged, with a new £15,000 annual limit and investors free to hold as much of this as they like in either cash or investments.

Hargreaves Lansdown: 'Our exit charges will only change when others get their act together'

Hargreaves Lansdown: 'Our exit charges will only change when others get their act together'

14 Mar 2014

Fees of £25 per holding charged by Hargreaves Lansdown when customers want to exit its platform will only be lowered when fund houses ‘catch up with us' in terms of technology, said Danny Cox, head of financial planning at the fund supermarket.

FE enters platform war with launch of Trustnet Direct service

FE enters platform war with launch of Trustnet Direct service

12 Mar 2014

FE, the financial data and research company, has launched its own platform for private investors with an annual fee of 0.25 per cent on all holdings.

We're cheaper on Hargreaves Lansdown Wealth 150+ funds, claims Cavendish Online

We're cheaper on Hargreaves Lansdown Wealth 150+ funds, claims Cavendish Online

7 Mar 2014

Controversy has continued over Hargreaves Lansdown's claims to be offering 'unique' discounts on fund management fees to its customers.

Average structured product beats best cash account in 2013

Average structured product beats best cash account in 2013

5 Mar 2014

A survey of 455 structured products that matured in 2013 has found that the vast majority returned investors’ capital in full, with over four-fifths making a profit.

Fidelity hints at further fund discounts to come

Fidelity hints at further fund discounts to come

4 Mar 2014

Mark Till, head of personal investing at Fidelity, has admitted to What Investment that the fund supermarket has secured ‘few real discounts’ for its customers on fund management charges, but hinted that such discounts are still being negotiated and that there may be more to come.

Hargreaves Lansdown defends relaunched Wealth 150 despite absence of investment trusts

Hargreaves Lansdown defends relaunched Wealth 150 despite absence of investment trusts

3 Mar 2014

Fund supermarket Hargreaves Lansdown (LON:HL) has revealed the discounts it has secured from fund providers on the charges of funds on its Wealth 150 list, and defended the methodology used to come up with the ranking of recommended funds.

Fidelity reignites platform price war with pledge to refund customers who find funds cheaper elsewhere

Fidelity reignites platform price war with pledge to refund customers who find funds cheaper elsewhere

28 Feb 2014

Fund supermarket Fidelity has announced that any customer who can find a fund which is available on its platform cheaper elsewhere will be refunded the difference between Fidelity's price and that of the cheaper rival.

Chelsea Financial Services reveals new 0.6 per cent platform fee – and promises no extra charges

Chelsea Financial Services reveals new 0.6 per cent platform fee – and promises no extra charges

27 Feb 2014

Discount broker and platform provider Chelsea Financial Services has revealed its new 0.6 per cent platform fee.

Discounts on fund charges from Fidelity's fund supermarket fail to impress

Discounts on fund charges from Fidelity's fund supermarket fail to impress

12 Feb 2014

Fidelity's unveiling of new 'clean' prices for funds on its platform shows that the company has failed to negotiate 'any material price reductions' on annual management charges for its customers, according to research.

Morgan Stanley structured product seeks to capitalise on demand from defensive investors

Morgan Stanley structured product seeks to capitalise on demand from defensive investors

6 Feb 2014

A new structured product, targeted at cautious investors, has been launched by Morgan Stanley.

Close Brothers joins platform pricing fray with 12-month promotion

Close Brothers joins platform pricing fray with 12-month promotion

5 Feb 2014

The latest fund supermarket to announce new pricing is Close Brothers Asset Management, which will charge a yearly platform fee of 0.35 per cent on fund holdings of up to £50,000.