Haggling

Has anyone tried haggling with providers over fees? :)

"Experts say savers with any six or seven figure sum to invest are in a good position to negotiate a discount, whether they are investing with the help of a financial adviser or not."
http://www.telegraph.co.uk/finance/personalfinance/pensions/11870211/Got-a-six-figure-pension-pot-Knock-50pc-off-your-fees.html

Comments

  • From my experience this is very much dependent if the approach is direct or via an intermediary coupled with their assessment to whether the business is worth their while

    Via one platform, and who was initially one of the few approved UK intermediaries for Vanguard funds, I did get them to reduce the initial fee in line with what I could achieve going direct even though the sum was below the level where I could have directly approached Vanguard.

    On the other side of the coin my experience with HL has been one of pig headed intransigence who were happy to see money flow out of the door and simply on the basis of 'our policy'.



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