Justin Modray of Candid Money has launched a rather useful new tool for UK fund investors: An interactive fund platform comparison that lets you check how much a given fund or basket of funds will cost you across multiple platforms and helps identify the best fund supermarket/discount broker combination for your needs.
So far there are six fund supermarket/broker combinations on there – Alliance Trust Savings, Bestinvest, Cavdenish Online, Clubfinance Frequent Trader, Interactive Investor and rPlan. Several others are on the way – ICICI and TD Direct Investing (which are both Cofunds brokers, like ICICI) and Sippdeal.
The notable omission is Hargreaves Lansdown, which has declined to take part. Given how uncompetitive its charges look these days, that’s no surprise.
It would perhaps be handy to have Saxo’s Modern Wealth Management service in there as well at some point, but other than that the tool covers all the providers currently included in the UK fund supermarket comparison table on this site.