Vanguard: new minimum account fee

Vanguard are introducing a new £4/month minimum account fee from the 31/01/25

More details at https://www.vanguardinvestor.co.uk/what-we-offer/fees-explained/changes

Best to relocate to T212 as they have the ETFs with no charges. I think Vanguard also offer their funds though.

I already started transfer of my SIPP to Prosper

If your total invested amount is under £32k else still based on %

Quite glad I’ve already moved my investments away. The way they’ve set this up is the worst of both worlds. When your account is small, you want it to be based on a percentage, but the more you have invested, the more a flat fee comes into its own.

For contrast, ii has a flat fee of £5 per month up to £50K, which includes an ISA and general investment account, the ability to invest in a wide variety of funds, individual shares and individual bonds. Vanguard’s new offer is £4 per month for just the Vanguard funds they can be bothered to offer in the UK.

I hold my Vanguard LS funds with iWeb.

No additional costs from them.

Paid 2x £5 to deposit, then just left alone.

Growing nicely, and way better than any of my savings in interest accounts.