Hargreaves Lansdown cuts fees in dramatic move after holding out for over a decade
By Boring Money
26 Jan, 2026
The UK’s largest DIY investing platform, with over 2 million customers, has today cut its charges in a dramatic move which sees the headline administration fee fall from 0.45% to 0.35%. Share dealing costs have also been slashed from £11.95 to £6.95.
The last time the platform changed its charges was in 2014, a few years after the regulator banned commissions, and the industry responded to this change.
Boring Money CEO Holly Mackay comments,
- “This will really set the cost cat amongst the pigeons with particular implications for many robo-advisers who now look comparatively expensive. It’s broadly pretty good news for Hargreaves customers – around 8 in 10 existing customers will be better off, or pay no more as the main administration fee falls from the too expensive 0.45% to a more palatable 0.35%”.
Boring Money has analysed various customer profiles to assess how the revised charges, coming in from 1 March 2026, will impact consumers.
The changes will be:
Typically, cheaper for many customers who buy and hold funds, bringing Hargreaves Lansdown broadly into line with peers, although AJ Bell and Barclays will normally cost less
Customers with ISAs holding a mixed bag of funds and shares may pay more on accounts over £100,000, as the maximum capped annual admin fee for holding shares in an ISA goes up from £45 a year to £150 a year
The big move is on their ready-made pensions, which now place Hargreaves Lansdown in the unusual position of being one of the cheapest solutions in the market for people who want to outsource a pension and adopt a set and forget approach.
Holly comments,
- “The all-in costs make them a cheaper ready-made pension play than Vanguard, most robos and key rivals AJ Bell, although interactive investor still marginally pip them on costs once accounts start rising above £100k.”
