Charles Stanley cuts platform fees further; launches customer charter

D2C platform Charles Stanley Direct has launched a new loyalty programme for clients with a series of additional fee cuts, alongside a customer charter which promises users a "fairer deal".

In yet another move to challenge rivals such as Hargreaves Lansdown on price, the platform is now offering a series of free services and price cuts for users with certain-sized investments. For users with £150,000 or more, the platform will offer a free CGT report, while it has also lowered the annual platform charge from 0.15% to 0.05% for those with more than £2m on the platform. The platform has been trying to attract money from competitors by offering a six month fee-free deal to those who transfer over £500,000 to the platform, and it has also lowered this threshold to £200,000 a...