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.”