Charles Stanley Direct completes charging structure overhaul

Cuts minimum holdings to quality for loyalty scheme

Charles Stanley Direct has made a raft of changes to its charging structure, including reducing the minimum holdings required to quality for its loyalty scheme.

The company has cut the minimum value of fund holdings that would make a client eligible for its Funds Loyalty Bonus Scheme from £500,000 to £250,000. Holdings of up to £500,000 will carry a reduced platform fee of 0.2%. From £500,000 to £1m fees will drop to 0.15%, from £1m to £2m they will reduce further to just 0.05%, and fees will be waived for balances over £2m. Charles Stanley's Aldous: Why we are watching closely from the sidelines on robo-advice Charles Stanley Direct is also waiving the annual Self Invested Personal Pensions (SIPP) wrapper charge of £100+VAT for customers ...