The Vanguard game-changer?

Unveiled D2C platform

Back in 2000, the launch of Fidelity's FundsNetwork platform in the UK was seen as a sector shake-up event; prompting fund groups to unveil challenger Cofunds a year later and kick-starting the development of the platform industry in this country.

Now, another American giant has put the cat among the pigeons once again. Last week, Vanguard unveiled its direct-to-consumer (D2C) platform for UK customers, providing a lower-cost way to access the firm's passive and active fund ranges. Investors on the new Vanguard platform will pay an account administration fee of 0.15% per annum, capped at £375, in addition to the ongoing charges figure (OCF). Vanguard launches first actively-managed funds for UK market For example, this means annual ownership fees for a client investing a lump sum of £10,000 in the Vanguard FTSE UK All Sha...