Giant US fund manager to shake up UK investment market by halving fees

Vanguard pledges cheapest way to buy funds and investment ISAs with fees slashed to half of rivals such as Hargreaves Lansdown and Fidelity

A US fund manager has thrown down the gauntlet to high-charging rivals and financial advisers by slashing fees to less than half the UK average.

Vanguard will offer the cheapest way to buy funds and investment ISAs in the UK, with fees half the level charged by Hargreaves Lansdown and Fidelity Funds Network.

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