Vanguard and AJ Bell Youinvest have scored best marks in a new customer survey of top DIY investment platforms, while the biggest player Hargreaves Lansdown lagged behind in sixth place.
The pair topped the survey of value for money, online tools and customer service at 11 major DIY investment platforms, following a poll of 2,000 members of influential consumer group Which?
Customer sign-ups to investing sites have soared during the pandemic, as people who have seen cash pile up during the crisis have sought better returns than the poor interest rates available in savings accounts.
Hargreaves Lansdown remains the largest DIY investment platform, and won record levels of new business over the first four months of the year, but it is increasingly being challenged by Interactive Investor and AJ Bell.
DIY investors rate Vanguard and AJ Bell top for value and service thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
Pay row: Allied Minds saw 47% of shareholders vote against chairman Harry Rein (pictured)
Former Woodford stock Allied Minds has suffered a major investor revolt amid a row over its chairman’s pay.
The firm, which invests in start-up ideas to help them succeed, saw 47 per cent of shareholders vote against chairman Harry Rein. The US businessman was paid £107,000 in his non-executive role last year – almost as much as some FTSE 100 chairs. Allied Minds is worth just £58million.
Bruce Failing, a director brought in by Rein who is said to frequently play golf with the chairman, was also slapped with a 37 per cent vote against his reappointment. Savers who put their money in the Woodford Equity Income fund, which is now being wound up, still own around 2 per cent of Allied Minds.
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Leader – Past their best: Should fund buy lists still be taken seriously?
If best-buy lists can reduce the advice gap, they should not be scoffed at but there is much room for improvement
By Charlotte Richards 12
th May 2021 12:29 pm
Sometimes having too much choice can be overwhelming. Imagine being a first-time investor without any idea of where to begin. You are confronted with more than 4,000 funds, accompanied by factsheets full of jargon and investment spiel with which even a well-versed investor might struggle.
In theory, the idea of a fund buy list is a good thing: to help investors narrow down the choices into what have been, for example, the best 50 funds over the past month, quarter or year.
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Home / News / Acacia looks to install its own directors in board shake-up of former Woodford biotech holding
Acacia looks to install its own directors in board shake-up of former Woodford biotech holding
US investor has slammed Arix Biosciences for its ‘history of governance instability’
Acacia Research is proposing to install two of its own directors and axe the current chairman of Arix Biosciences, one of the biotech companies it snatched off of Neil Woodford’s former fund.
On Monday Acacia, which is currently working with Woodford on his comeback venture, requisitioned AGM resolutions to nominate a trio of directors to Arix’s board after calling out the London-listed biotech firm for its “history of governance instability”.