What exactly changed in Hargreaves Lansdown fees?

The platform charge falls to 0.35% from 0.45%, online share dealing drops to £6.95, and a new £1.95 fund dealing charge applies when you buy or sell funds. Some ISA fee caps are being lifted. Your total cost will depend on portfolio size and how often you trade funds and shares.

Who is likely to benefit most from the new pricing?

Buy-and-hold investors and those who trade mainly shares or ETFs should benefit from the lower platform charge and £6.95 dealing. If you make only a few fund trades each year, the £1.95 per trade has a small impact. The net outcome improves as portfolio size and holding period increase.

Who might pay more under the revised structure?

Frequent fund switchers and investors with large ISAs may pay more. The £1.95 fund dealing charge adds up with each trade, and lifting certain ISA fee caps could raise costs on bigger pots. If you rebalance often across several funds, price your expected trades to see the breakeven point.

How should I compare these costs with AJ Bell fees or other platforms?

Price your real usage. Calculate annual custody using the percentage platform charge, then add dealing costs for your expected share and fund trades. Repeat the same steps for AJ Bell fees and at least one other provider. Compare total annual pounds, not just headline rates, and include any transfer or FX costs.

Global Market Insights

January 27: Hargreaves Lansdown Cuts Fees, Adds Fund Dealing Charge

ByHuzaifa Zahoor January 27, 2026January 27, 2026

Hargreaves Lansdown fees are changing from 27 January, with a lower platform charge and a new cost for trading funds. The platform charge drops to 0.35% (from 0.45%), online share dealing falls to £6.95, and a £1.95 fund dealing charge arrives. Some ISA fee caps are lifted. The company says eight in ten clients will pay the same or less. We explain who benefits, who may pay more, and how to check your total cost in pounds.