Changes to ISAs are on the way as a result of the Budget – what could they mean?
The chancellor said that ISA limits will increase to £15,000 and cash and stocks and shares ISAs will merge
In the Budget last week, the chancellor announced that rules around ISAs would be simplified and, from July, we’ll be able to save more. How will the changes work and what will they mean if you already have ISAs or if you’re thinking of saving for the first time.
If you invest in funds through an investment platform or fund supermarket, how much will you be charged?
There are some big changes if you invest in investment funds through a platform or ‘fund supermarket’ as it’s sometimes called. Investment funds have been told they can’t pay advisers or fund supermarkets a commission for introducing clients (a commission that was actually paid by the customer from the money they invested). So investment platforms are changing their charges. Will you pay more or less?
Clean funds explained: what are ‘clean share classes’ or clean funds?
Investment platforms are being forced to change the way they charge for their investments and introduce so-called ‘clean’ funds.
The way you will be charged for buying investments is changing and, in theory at least, it should make the pricing more straightforward. The changes are being forced on the investment industry by the regulator, the Financial Conduct Authority. The changes mean that investors will no longer be charged for ‘trail commission’, which is a payment made by fund managers to a fund investment platform or broker for introducing the client to them. How will the new charges work?