The Association of Investment Companies (AIC) has released a breakdown of how shareholders can vote on company shares via both retail and adviser/wealth manager platforms, in association with the lang cat.
The new information, which can be found on the AIC's website, looks at both consumer platforms, such as BestInvest and Hargreaves Lansdown, as well as adviser platforms like Alliance Trust Savings. It includes whether or not investors can actually vote on their shares held on platforms, how they can do this, how far in advance they need to contact the platform to do this and if there is any charge. Commenting on the provision, Ian Sayers, chief executive of the AIC, said: "In many ways platforms have been good for consumers, providing them with a simple, convenient and cost-effective...
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