Barclays platform challenges Hargreaves with 0.35% AMC

Barclays Stockbrokers has revealed its clean pricing structure, introducing an AMC of 0.35% as it becomes the latest platform to undercut Hargreaves Lansdown's headline charges.

Barclays, which is applying the 0.35% fee to all clients with up to £500,000 in assets, and waiving the fee for users with larger pots, has also said it will start to 'pro-actively' convert bundled share classes to clean from March this year. The new pricing structure means Barclays has undercut Hargreaves' headline charges after the D2C giant earlier this month announced a 0.45% AMC for clients with up to £250,000. Last week Fidelity, another major player in the space, announced a 0.35% AMC for clients with £250,000 or less, falling to 0.2% for clients with between £250,000 and £1m. ...