Woodford Investment Management has refused to waive the fee on its suspended flagship fund.
Hargreaves Lansdown has been in talks with Woodford IM regarding the suspended Equity Income fund, for which the platform waived the fees on 5 June following its gating.
A spokesperson from Hargreaves Lansdown said: "We spoke to Neil Woodford and his team and urged them strongly to join us in waiving the fee. We said it was the right thing to do but Woodford said 'no'."
As a result of this, investors in the flagship fund will continue to pay the annual management fee of 0.75% per year when the fund is bought through most investment platforms.
Chair of the Treasury Committee Nicky Morgan also called for Woodford Investment Management to waive the fees on the suspended fund following reports that manager Neil Woodford is continuing to take management fees amounting to £100,000 a day.
"Investors in the Woodford fund have been locked out of accessing their cash. Yet it has been reported that Mr Woodford is taking in nearly £100,000 in management fees a day," Morgan said.
"The suspension of trading has provided Mr Woodford with some breathing room to fix his fund; he should afford his investors the same space and waive the fund's fees while the fund is suspended."