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Bow before the power of arithmetic: ATS ups charges

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So we havenâ??t had any large price changes for a while, hence no pricing blogs. A debt of thanks, then, to Alliance Trust Savings (ATS) who upped its fixed fee charges last week along with unveiling its results (find Citywire coverage of those here) and rolling out its new GBST-powered system to users.

Now, before we begin I need to disclose that ATS is a client of ours, and weâ??ve known about the planned changes for a little while, but been under non-disclosure until the announcement went public. So weâ??re about as conflicted on this as itâ??s possible to be.

As a result, Iâ??m going to stick to publishing new pricing tables here, or at least excerpts of the full tables. If you want the full bhuna youâ??ll need to subscribe, which you can do here. Subscribers will get said bhuna at the next Update, whichâ??ll be in April sometime.

What I will say is that itâ??s the nature of fixed fee propositions that they go up over time. Percentage-based providers catch more as client assets grow, but a £150k ISA is worth the same as a £20k ISA to any fixed fee provider.

How you feel about this particular price rise is up to you â?? itâ??s a 20% or £15 bump to the pay-as-you-go shape for ISA and GIA, and 15%-ish or £30 for SIPP. The Inclusive Fee Option version (IFO, which includes 25 trades) and kiddie accounts arenâ??t changing this time. Direct accounts are the same, except direct clients canâ??t access the IFO.

Standard Account New annual total Old annual total
ISA £90 £75
Investment Dealing Account £90 £75
Junior ISA £40 £40
First Steps Account £40 £40
SIPP â??Savingsâ?? Account £180 plus VAT (£216) £155 plus VAT (£186)
SIPP â??Incomeâ?? Account £255 plus VAT (£306). £230 plus VAT (£276)
Child SIPP £80 plus VAT (£96) £80 plus VAT (£96)

 

For reference, the IFO accounts are £150 for IDA and ISA, £275 for SIPP and £365 for drawdown. Given trading is £12.50 a trip, youâ??re getting over £300 worth of trades for £60, so IFO looks to be the way to go.

ATS table time (SIPP first and then ISA/IDA):

ATS SIPP pricing ATS ISA pricing

 

 

 

 

 

 

 

 

 

 

 

 

And, unsurprisingly, what we find is that arithmetic still has its day, and flat fee still looks pretty hot at £200k or more for SIPP and £100k or more for ISA/IDA. The bump moves the base at which ATS takes over the lead in the charts, but thatâ??s not surprising.

If you are holding multiple wrappers then you need to factor in the fact (what?) that this is all per-wrapper charging, but otherwise itâ??s as you were.

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About Mark Polson

lang cat founder and boss. Expert on all things platforms, pensions and investments. Prolific writer and public speaker, even when people ask him not to be. Knows more about Scandinavian black metal than you, and isn't afraid to prove it.