Bitstring , from the wonderful person fj said There are none that have zero % annual fees for looking after your investment, as far as I know. There are some which have no ditionalfees over and above what the underlying Unit trusts or Investment Trusts are charging (which is already non-zero).
Since there is very little extra work to do (tax reclamation on
dividends having bit the dust) I don't see any reason to pay an =extraannual fee for investing via an ISA wrapper, and most places agree with
The underlying fee covers all the investment 'looking after', in terms
of where to put the money. This ranges from ~0.5% for simply tracking an
index up to several% for aggressive ITs which have performance linked
management fees (i.e. is they beat the index, their cut goes up).
And you're wrong, you don't get what you pays for anymore. You get =at
best= what you pays for. Most places these days you have to kick and
scream to do even half that well (he says, sitting here waiting for an
'overnight delivery' shipment via AMTRAK [Telford] which should have
been here yesterday).
- posted 14 years ago