What is the loyalty bonus?
Hargreaves Lansdown receives a renewal (annual) commission from some fund managers. We share this renewal commission with our clients in the form of an annual saving, which we call the loyalty bonus. It is credited to a separate account within your Vantage portfolio. Please note for the few funds for which we do not receive renewal commission, the Vantage annual management fee will apply. This is 0.5% + VAT (up to a maximum of £200 + VAT) per year.
Hargreaves Lansdown receives annual renewal commission from most Unit Trust/OEIC Fund Managers. We share this renewal commission with our Vantage clients in the form of an annual saving, which we call the Loyalty Bonus (the Loyalty Bonus is not paid on holdings in the Vantage SIPP). The Loyalty Bonus is credited to a separate Loyalty Bonus Account within your Vantage portfolio.
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