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Barclays to rival Hargreaves by rebating commission
by Alex Steger on Jan 20, 2012 at 13:03
Barclays Stockbrokers is looking to rebate trail commission to investors either in part or in full in the coming months, according to New Model Adviser® sister publication Wealth Manager.
The stockbroker is also understood to be reviewing the initial charges on its Funds Market, which range from 0% to a maximum of 0.5% depending on the fund.
The move to rebate commission, which is usually around 0.5%, and cut initial charges would make Barclays more competitive with other discount brokers that already rebate trail commission, such as Hargreaves Lansdown.
Read the full story on Wealth Manager.
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3 comments so far. Why not have your say?
Man in Black
Jan 20, 2012 at 13:39
"...such as Hargreaves Lansdown."
Or Bestinvest which has been doing this for a while since its 'Select' service came along?
I have an account with Barclays stockbrokers and have found it superb for sharedealing. But the idea of them taking on outfits like HL and Bestinvest when it comes to funds seems far-fetched.
report thisAnitaki
Jan 20, 2012 at 14:23
Notthe overprice, uncompetitive insurance products, nor bonds etc.
Just a headline really, not Barclays at all, but just their minnow sized arm
report thisStill on life support
Jan 20, 2012 at 17:37
Minnow sized arm.... or the largest execution only stockbroker in the UK....
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