Detailed statement

You can request a detailed statement from us which further breaks down the costs and charges associated with your account (if you'd like to receive a detailed statement, contact our Customer Services team).

On this page we’ll answer some of the frequently asked questions about the detailed statement.

What is an ancillary charge for The Share Centre?

Currently, The Share Centre does not charge any ancillary charges.

Why is the ancillary charge marked as NA for investment management charges?

Investment management charges are separated into four categories: one off, ongoing, transaction and incidental. There is no category of ancillary charges under investment management charges.

What is an incidental charge for The Share Centre?

An incidental charge is a charge in relation to an “incident” on your account. These include:

  • Same Day Transfer Charges
  • Overseas Fees
  • Cheque Fees
  • Bounced Cheque
  • Unpaid Direct Debit Charge
  • SEPA Payment
  • Re-registration fee

What is an incidental charge for investment management charges?

These are charges from the investment manager, such as performance fees for the investment managers.

What is a transactional charge for The Share Centre?

A transactional charge refers to charges related to certain transactions a customer does with us. These include:

  • Dealing Commission
  • Stamp Duty
  • PTM Levy
  • FFTT

What is a transactional charge for investment management charges?

These are charges from the investment manager for the purchase or sale of underlying holdings within an investment. There may be negative costs for the transaction in some circumstances.

What is an ongoing charge for The Share Centre?

An ongoing charge is charged in relation to the ongoing administration of the account. These include:

  • Dealing Option Fee
  • Trading discount fee
  • Administration fees (monthly & quarterly)
  • Postal Fees

What is an ongoing charge for investment management charges?

An ongoing charge is a charge deducted by the investment manager for the continued running of an investment. These would include Annual Management Charges (AMC).

What is a one off charge for The Share Centre?

These are one off charges The Share Centre applies to the account and are not on a transactional basis. These include:

  • Administering a deceased account
  • Probate fee
  • Fees for transferring to another broker

What is a one off charge for investment management charges?

These are charged by the investment manager to enter or exit the fund, such as the bid/offer spread (if there is one).

These can be for a number of reasons, including to “soft” close the fund or as a dilution levy.

What is the difference between The Share Centre charges and investment management charges?

Our charges are the charges for operating your account with us, such as the administration fee (where applicable), dealing commission, stamp duty etc, and are deducted from your account where applicable. Please see your tariff sheet for more details.

Investment management charges are the charges for managing the investment, such as the Annual Management Charge (AMC), and are charged by the investment manager rather than The Share Centre. Unlike our charges, these charges will not show on your account, but are incorporated in the investment(s) themselves and reflected in the daily price of that investment. The charges shown are based on the latest available data provided to us by investment managers.

Why are the investment management charges different between the original statement I received and the enhanced statement?

Investment management charges are based on data we receive from Investment Managers via Financial Express. This data is received on a daily basis and can change at any time. We use the latest available data when calculating the investment management charges, so this data may have changed between the time the original statement was produced and when the enhanced statement was created.

What is a soft close of a fund?

A soft closure can occur for a variety of reasons, but the most common is due to the size of the fund reaching the optimum point for the manager. By soft closing a fund, new investors are often prohibited from investing in it, whilst for existing investors an initial charge can be imposed to help reduce the flow of investments.

Why is my AMC/OCF so high?

The Annual Management Charge (AMC) of a fund is specified by the fund manager and not The Share Centre. This charge covers the cost of manging the fund or investment. The Annual Management Charge and the Ongoing Charge are detailed on the relevant fund page and also in the Key Investor Information Document or Key Information Document available on our website.

Why have I not seen the AMC/OCF on my statement before?

The AMC & OCF have not been shown on your statement previously as this is detailed within the Key Investor Information Document or Key Information Document. This document is available on our website.

How is the charge on the statement reflected in my fund value (i.e. how is the AMC/OCF charged)?

The Annual Management Charge/Ongoing Charge figure is deducted from the investment and is reflected in the price of each unit of the fund.

Still need help?Green email envelope

Please get in touch with our Customer Service team.

Email: service@share.co.uk

Phone: 01296 41 41 41 (8:00am-6:00pm weekdays)

Write: The Share Centre, PO Box 2000, Aylesbury, Bucks. HP21 8ZB