Managing Your Money 

Pick the right platform to avoid the destructive impact of charges

Pick the right platform to avoid the destructive impact of charges

Monthly subscription models allow you to spread the cost of subscriptions to magazines, music streaming services, and television and film packages. But many investors would not associate paying a monthly subscription with investment platform fees. However, in April, Interactive Investor announced it was switching to a “Netflix-like” monthly flat fee pricing model, replacing its quarterly fee, which financial services consultancy The Lang Cat says could save investors £30,000 over 30 years, compared with Interactive Investor’s largest competitor.

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