I learned yesterday that Vanguard is launching in the UK to personal investors for the first time. I think this is Huge News!
If I move my current index fund investments to Vanguard my investment costs will pretty much be cut in half.
Currently I pay 0.39% platform fees for HSBC, plus between 0.07% and 0.21% per fund
Whereas Vanguard will charge 0.15% platform fee and between 0.06% and 0.23% per fund.
The next question is when to move as I’ve already started my ISA with HSBC this year so may have to wait until the end of the tax year to contribute to a different provider.