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Hargreaves cuts dividend re-investment charge

Hargreaves Lansdown has slashed dealing charges on dividend re-investment.

Charges remain at 1 per cent per holding but the minimum fee has been cut from £10 to £1 and the maximum fee from £50 to £10.

By default, dividends are held in accounts on the Hargreaves platform and are not re-invested until reaching a threshold of £10.

Alongside the charge alterations, Hargreaves now gives investors an option to set dividend re-investment thresholds up to £1,000.

Hargreaves Lansdown head of financial planning Danny Cox says the change was based on feedback from clients. He adds: “This is a great example of how we continually improve and develop our service for the benefit of our Vantage clients.”

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  1. Money Guidance CIC 1st August 2014 at 11:05 am

    Well, actually it`s a great example of how pricing transparency forces market leaders to respond to competitive pressures. Altruism is probably not the driver here.

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