TD Direct sold to Interactive Investor
Comments
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Do you think:
We are committed to providing you with great value for money, through simple, fair and competitive charges.
...will mean II current charge structure (for TD customers)0 -
I am waiting to see what simple, fair and competitive prices mean, and if they will be introducing fees to transfer out.
It'll be the same as II.We will introduce a fixed fee per customer for our standard trading and investing services which will be held as a credit towards trade commissions for buying and selling. When that credit has been used we will charge a simple, low commission for each trade you place.0 -
Not sure if this only applies to TD SIPPs as it's the only type of account I have with them but TD plan to stop using AJ Bell as the SIPP trustee from Dec 2017.
There are various options available:
https://www.tddirectinvesting.co.uk/important-changes-to-your-sipp0 -
Agree that expect charges to be the same as II.
If they're going to remove TD's free transfers out, I'll probably move to IG.0 -
No notice of changes to Ts & Cs yet so I'm still with TD0
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It'll be the same as II.
Soooo, the question for me (OH's account), move the TD dealing / ISA accounts to IG or X-O?
I think people have been commenting on IG because there does not appear to be any annual platform charge but, X-O is in the same position.
There is an additional consideration for me (OH) insofar as if the account(s) were moved to X-O I could also look at the option of transferring the OH SIPP to X-O and not incur a SIPP annual management charge (refunded). (would need to modify the OH SIPP to be IT / ETF based rather than OIEC but that is not an issue).
Hmmmm????Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
So, it seems a reasonable assumption to think that it will be the II charging structure.
Soooo, the question for me (OH's account), move the TD dealing / ISA accounts to IG or X-O?
I think people have been commenting on IG because there does not appear to be any annual platform charge but, X-O is in the same position.
There is an additional consideration for me (OH) insofar as if the account(s) were moved to X-O I could also look at the option of transferring the OH SIPP to X-O and not incur a SIPP annual management charge (refunded). (would need to modify the OH SIPP to be IT / ETF based rather than OIEC but that is not an issue).
Hmmmm????0 -
IG has no fees to transfer out like TD Direct.
Old TD does/did not have a transfer out charges (from what I can tell from their charges web page).
EDIT: Was referring to dealing/ISA accounts.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0
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