A fee of £10 + VAT is charged quarterly:
- When you have not traded in the previous quarter; or when you do not hold a portfolio balance greater than £5,000.
- Certificated accounts, ISAs and SIPPs are exempt from the fee.
The Account management fee covers any administration costs for the previous 3 months, for example processing Corporate Actions, phone and web services and account administration such as statements. The fee was introduced in February 2003 and all customers were informed 30 days prior to the introduction of the charge. The fee is also detailed in our Rate Card.
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