Charles Stanley Direct hits out at 'anti-competitive' exit fees

The direct platform recently revealed it would be waiving both its platform charge and custody fee over the next six months in order to help investors offset the cost of other providers' exit fees. Additionally, the platform committed to waiving its own exit fees of £10 per line of stock or fund holding for one year - an offer which the platform now says may be subject to an extension. Charles Stanley Direct head of press and public relations Magnus Wheatley said exit fees in the direct-to-consumer space are in danger of harming competition and that the platform would look at extendin...