What are all of you execution only veterans going to do when the European Investment Services Directive becomes law 1 Jan 2005 and Clause 18.4 states you will no longer be able to deal execution only? Will you take advice?

The dealing charges are obviously going to increase and from the experience I had, prior to making my own decisions, I would rather sell up than have to get involved with another company of stockbrokers.

I can't think of a better excuse to change the account, painful as it will be producing ID for the next one. You will be able to edit the membership, which is always changing, - subject to the agreement of members. The only beneficiary of all members' details is Comdirect's marketing division.

Do you know where I can open an Investment club account with fixed dealing charges less than 12.50 a deal? (So far we have done 33 deals in July, but only because the charges are fixed at 7.50 - with the additional cost, we would definately do less deals)

(Still have a account with Barclays, which we are slowly reducing down, to a point where we can afford to move it, as the transfer charges are 15 a stock, or 17.50/1.5% which ever is lower for deals! - we only used to do about 20 deals a year because of the additional costs!)