This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.


Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

High Bank Charges

Joined:Tue Nov 28, 2017 3:03 pm
High Bank Charges

Postby NonDom41 » Tue Oct 01, 2019 3:16 pm

If you have an investment fund (Pimco, BlackRock, Schroder etc.) at your bank, the bank charges you very high fees just for keeping your fund portfolio with them. These fees are not even tax deductible.

Is it possible to hold your funds directly with the fund company without involving a bank to save on their excessive fees ? Or any other solution ?

Joined:Fri May 16, 2014 3:47 pm

Re: High Bank Charges

Postby AGoodman » Wed Oct 02, 2019 9:10 am

Sure, some funds such as OIECS and unit trusts will let you buy direct and hold your units personally. It does mean buying/selling can take longer.

The other alternative, for ease, is to use a platform with lower fees. You don't say what you are paying at the moment but there are lots out there.

Return to “Savings & Investments, Pensions & Retirement”