hi again,
I just checked it out. I think unless I am missing something, in my case with a Lifestrategy 60 through Charles Stanley Direct, it's still cheaper to stay with them. They charge 0.25% platform fee for funds under £500k (which is what I have), however for Vanguard directly:
If you invest the ISA maximum of £20,000 into the LifeStrategy 60% Equity Fund you will pay:
No pre-set dilution levy or initial charge
An annual ongoing charges figure on the fund of 0.22% x £20,000 = £48.00
An annual account fee of 0.15% x £20,000 = £30.00
Making a total of £78 each year
This example is based on the assumption that the value of your investment doesn't move over the course of the year. In practice, we calculate it daily and charge it quarterly, so it will change with the value of your investment.
I guess it will be different for each investor - I just wanted to check I got it right? Appreciate the heads up as I will compare in future for other investments too.
Cheers