Investment Trusts Unhappy with Hargreaves

Investment trust investors have hit back at platform provider Hargreaves who last week significantly cut the cost of investing - but only for open-ended fund investors

Emma Wall 23 January, 2014 | 1:29PM

Investment trust investors have taken to forums to condemn the new pricing on Hargreaves Lansdown's platform. Under the new pricing structure announced last week hundreds of thousands of investors will pay less - with Hargreaves calculating total savings will equate to £8 million. 

No justification for treating investment trusts separately to other listed shares

But the bulk of these savings will only apply to investors who hold open-ended funds, as Hargreaves has negotiated with asset managers to cut the annual management charge on their funds. 

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Emma Wall  is former Senior International Editor for Morningstar

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