of us now use investment platforms with charges that range between a few hundred and a few thousand pounds a year for a fully featured £ 500,000 portfolio . A quick look at the
Compare the Platform website shows the same service can cost from £ 203.80 per annum for the cheapest platform ( interactive investor ) up to £ 1,875 for the most expensive ( Chelsea FundStore ), which is quite a spread . However much you love your investment provider , use a platform comparison service every year or two , just to make sure you can put the prices you ’ re paying into some sort of context . If somebody asked you to fill in a couple of forms for £ 25,000 cash , would you do it ? Well , that ’ s what ’ s involved in moving your investments to a different platform . The FCA is worried that people will stay with high-cost investment platforms because they think it ’ s expensive or difficult to move . In reality , it ’ s neither .