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DoINeedOne

Vanguard UK Platform

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Just noticed that UK vanguard now allows you to open a account removing the old £100k limit, so i assume it be easy to go direct with them now

 

"The huge US investment firm Vanguard is launching a new service to attract personal investors in the UK.

The company specialises in offering tracker funds with very low charges.

Until now most of its business in the UK came through stockbrokers and financial advisers, only dealing directly with individuals with at least £100,000 to invest.

Now customers will be able to open an account with just a £500 lump sum or a monthly investment of £100.

The move threatens to undercut existing stockbroking and investment firms that would have directed some clients to Vanguard funds while charging a higher fee than the firm is now proposing to levy.

Shares in the UK's leading online personal investment firm, Hargreaves Lansdown, fell almost 8% after the Vanguard announcement, as its own fees will now be undercut. It was the biggest faller on the FTSE 100."

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Vanguard don't seem to offer wrappers such as SIPPs or ISAs, so there may still be some custom for the investment firms.

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11 hours ago, Will! said:

Vanguard don't seem to offer wrappers such as SIPPs or ISAs, so there may still be some custom for the investment firms.

Are you looking at the right page i.e. for individual investors? They've definitely got ISAs...

[EDIT] https://www.vanguardinvestor.co.uk/home

Edited by Inoperational Bumblebee
Pasted image didn't show up for some reason

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Actually thanks to some advice I go on this forum I am with Hargreaves Lansdown with an ETF for my SIPP and I get the impression they have ISA'a at the moment but not a SIPP.

I called them they said they may offer a SIPP next year but they do not currently do this so ISA yes SIPP no

 

 

 

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