Hargreaves Lansdown's fee grab

Hargreaves Lansdown are imposing an appreciable all round fee rise. I am not entirely surprised since many savers open accounts at HL without taking into account long term considerations.

I think that investors should enter into long term contracts since 0.25% p.a. of the portfolio value does not seem a lot but it certainly adds up over the years where the only cost to HL is the rolling audit programmer to meet HL's custodianship obligations.

The only other firm that comes across my desk is AJ Bell and perhaps savers through this firm's plat form might consider their long term position.