Award for platform charges clarity given to 'nobody'

clock

An award for the direct platform offering the most transparent and plain-English charges, terms and conditions has no recipient for the second year running.

Announcing the winners of its Direct Platform Awards 2015, consultancy and research business the lang cat revealed Best for Clarity had been won by "nobody". "We spent ages looking at this," the company said. "We wanted total clarity and simplicity around charges, and also a set of terms and conditions that someone who wasn't a QC could understand. We wanted no stupid restrictions and also an intuitive web service. We didn't find one. Not a single one." The awards form part of the lang cat's second guide to direct platform investing - Come and have a go too - which is aimed at investo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

FCA raises alarm on platforms' handling of customer cash interest

FCA raises alarm on platforms' handling of customer cash interest

Cracks down on ‘double dipping’

Sahar Nazir
clock 12 December 2023 • 1 min read
LTAFs elude retail investors as platforms shun Innovative Finance ISA

LTAFs elude retail investors as platforms shun Innovative Finance ISA

Following Autumn Statement plans

Cristian Angeloni
clock 07 December 2023 • 3 min read
Robinhood expands trading offering to the UK

Robinhood expands trading offering to the UK

No trading fees at launch

Cristian Angeloni
clock 30 November 2023 • 2 min read
Trustpilot