Julian wrote:paulnumbers wrote:Alaric wrote:
Are they not intending to switch to a model where they charge a quarterly fee, but offset it against dealing commissions?
This is the info I can find on the future pricing.
An update on your future service - https://www.youtube.com/watch?v=GTW1VLI90js
Pricing made simple - https://www.youtube.com/watch?v=FZDKeOkSNAQ&
If you watch them, they describe a quarterly commission payment that you can offset against fee's. I've decided to sign up with Halifax Sharedealing instead, as I'm guessing the commission will be around the £20 per quarter which I'd rather not pay unless I have to.
Nice spot Paul re future pricing clues. TDD has had an inactivity fee for a long time that I always escaped due to portfolio size but I somehow doubt that such an exemption will survive the shift to any new II fee structure. At least it looks as if they won't go the Barclays route of having a percentage-of-portfolio-value admin fee.
If it is something like £20 a quarter I'll probably stay put with my ISA because I do trade that when I put in new money each year and with accumulated dividends but I'll probably move my other non-tax-sheltered account unless they only have one quarterly fee regardless of number of accounts held.
I wonder whether your £20 per quarter guess was arrived at by the same route as mine. Watching that pricing video when they talk about levying a quarterly fee two blue coins jump out of the jar and later, towards the end of the video, they say that if all the fees have been used up for trades then it's £10 or less per trade and at that point another blue coin appears with "£10" written on it which is why I'm guessing the £20 per quarter as the new admin fee.
I am with III which has bought TD, and which you know has a £20/qtr fee that can be set against free trades (works out as two per qtr). I have three accounts with them (trading, ISA, SIPP) and I only get charged the one £20 fee. I can use the free trades in any of the three accounts. Hopefully the arrival of you new TD types will not cause III to fiddle with a fee structure that works very well for me