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  • FIRST POST
    • ed44
    • By ed44 12th Oct 16, 8:44 PM
    • 20Posts
    • 25Thanks
    ed44
    TD Direct sold to Interactive Investor
    • #1
    • 12th Oct 16, 8:44 PM
    TD Direct sold to Interactive Investor 12th Oct 16 at 8:44 PM
    https://www.moneymarketing.co.uk/interactive-investor-acquires-td-direct/

    http://www.tddirectinvesting.co.uk/special-pages/customer-information/?_ga=1.259966666.1942136220.1414500024

    No change to the TD service in the short term.
    Last edited by ed44; 12-10-2016 at 9:05 PM. Reason: changed link
Page 3
    • economic
    • By economic 17th Oct 16, 4:18 PM
    • 1,511 Posts
    • 707 Thanks
    economic
    td & ii's charges are very different for funds (as opposed to shares).

    td have a 0.3% annual holding charge for funds. ii have no holding charge.

    ii charge for buying/selling funds. td don't.
    Originally posted by grey gym sock
    thats good for me then as i have a lot in index funds so would welcome not being charged 0.3%. index funds of around 100k would mean i save £300 a year which is great.
    • Nerdlinger
    • By Nerdlinger 1st Nov 16, 5:18 PM
    • 13 Posts
    • 3 Thanks
    Nerdlinger
    Has anyone considered IG?

    I'm a bit reluctant as their business model of encouraging gambling is awful but they appear to have a good broker service with no platform fee, low trade commission, Mr Osbourne's Flexible ISA feature (no doubt to encourage gambling) and a golden hello of £250 for >£100k portfolios.

    I moved to II from Halifax when the 0.2%p.a. was getting into the £hundreds and then moved to TD when II started their charges.

    Second favourite for me would be a return to Halifax since they now charge a more reasonable £12.50 p.a.
    • grey gym sock
    • By grey gym sock 1st Nov 16, 7:31 PM
    • 4,040 Posts
    • 3,503 Thanks
    grey gym sock
    i'm thinking of IG, in case TD / II increase my costs for an ISA holding individual shares, or do something else to annoy me.

    IG do have a (£12 per month) inactivity fee, though only after 2 years' inactivity. but i think it said that receiving dividends counted as activity (i could be wrong about that).

    halifax/iweb would also be possible, except that i already hold OEICs / unit trusts with iweb, and i like use multiple providers (out of general paranoia).
    • Nerdlinger
    • By Nerdlinger 2nd Nov 16, 5:48 PM
    • 13 Posts
    • 3 Thanks
    Nerdlinger
    Does anyone have a IG S&S ISA? Have you successfully resisted the temptation to do a spreadbet?

    ggs, if you're thinking of it are you at all concerned about your own self-discipline?

    I'm not sure I trust myself enough not to "temporarily" withdraw the cash balance from my flexible ISA to "invest" in some sophisticated financial instrument when my portfolio happens to be doing well and I get that Master Of The Universe feeling... Even though I know that all gamblers are losers.


    from a Torygraph article I'm not permitted to link to:

    The group hopes that its stockbroking customers will also be attracted to its spread-betting offering.

    "We also see an opportunity which is once we’re addressing a much wider audience to get them interested not just in stockbroking but in our existing products," IG's chief executive said.

    "It’s a very natural extension: If you’ve got someone doing share trading on your website to [then] start talking to them about maybe occasionally taking a position in the FTSE or occasionally taking a position in gold."
    • grey gym sock
    • By grey gym sock 2nd Nov 16, 8:54 PM
    • 4,040 Posts
    • 3,503 Thanks
    grey gym sock
    ggs, if you're thinking of it are you at all concerned about your own self-discipline?
    Originally posted by Nerdlinger
    personally, no. i have lots of ways to distract myself from making changes in investments: improve my electronic records of past investments (which doesn't yet cover dividends - i think i have all that info on paper); post on here; read monevator; etc.

    EDIT to add: and i guess i'm also scared of messing it up. it's all quite entertaining looking at whether my equities are doing a bit better or a bit worse than just holding a global tracker. as long as i don't do anything too dramatic, it's only going to be a bit better or worse. it would be less fun if i did something reckless and it turned out very badly.

    i do realize i'm not part of IG's target market, which is active traders generally. (ironically, i hold some IG shares in my ISA with TD.)
    Last edited by grey gym sock; 02-11-2016 at 9:21 PM.
    • JohnRo
    • By JohnRo 4th Jun 17, 12:09 PM
    • 2,347 Posts
    • 2,079 Thanks
    JohnRo
    TD DIRECT INVESTING IS OWNED BY INTERACTIVE INVESTOR LIMITED

    TD Direct Investing (Europe) Limited has been sold to Interactive Investor Limited and is no longer affiliated with The Toronto-Dominion Bank. The TD logo and TD Direct Investing name are used under licence from The Toronto-Dominion Bank. The Toronto-Dominion Bank is not responsible for this website or content therein, except in relation to the Savings Account which is provided by TD Bank N.V.
    I noticed this popup on TDDI website today, don't recall seeing it before, looks like the deal has been approved. Fingers crossed prices don't change much or at all.
    'We can't solve problems by using the same kind of thinking we used when we created them.' ― Albert Einstein
    'Facts do not cease to exist because they are ignored.' ― Aldous Huxley
    • economic
    • By economic 4th Jun 17, 12:14 PM
    • 1,511 Posts
    • 707 Thanks
    economic
    I hope II are a safe company to have investments with. Me and my family have around half a million with them.
    • darkidoe
    • By darkidoe 4th Jun 17, 7:17 PM
    • 782 Posts
    • 874 Thanks
    darkidoe
    Anyone moved out of TD yet because of this takeover and why??

    Save 12K in 2017 # 9 £6036.65/15 000 (40.24%)
    Save 12K in 2016 # 8 £19 721.58/12 000 (164.35%) Achieved!
    • Economic
    • By Economic 4th Jun 17, 7:45 PM
    • 69 Posts
    • 43 Thanks
    Economic
    Later this year we will bring all customers together under the Interactive Investor name on the same platform, combining the strengths of each service with some new enhancements. You will benefit from further market research and analysis, new model portfolios and investment recommendations – all designed to help you make better informed investing decisions.

    We are committed to providing you with great value for money, through simple, fair and competitive charges. We will, therefore, be introducing a new, simpler pricing approach.
    I am waiting to see what simple, fair and competitive prices mean, and if they will be introducing fees to transfer out.
    • cloud_dog
    • By cloud_dog 4th Jun 17, 7:46 PM
    • 3,021 Posts
    • 1,613 Thanks
    cloud_dog
    Not moved, as nothing has changed (yet).

    Will see how it goes.
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • cloud_dog
    • By cloud_dog 4th Jun 17, 7:47 PM
    • 3,021 Posts
    • 1,613 Thanks
    cloud_dog
    I am waiting to see what simple, fair and competitive prices mean, and if they will be introducing fees to transfer out.
    Originally posted by Economic
    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)
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • Economic
    • By Economic 4th Jun 17, 7:55 PM
    • 69 Posts
    • 43 Thanks
    Economic
    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)
    Originally posted by cloud_dog
    More than likely, unless they think that their current charges are complicated, unfair and uncompetitive!
    • isasmurf
    • By isasmurf 4th Jun 17, 8:02 PM
    • 1,719 Posts
    • 738 Thanks
    isasmurf
    I am waiting to see what simple, fair and competitive prices mean, and if they will be introducing fees to transfer out.
    Originally posted by Economic
    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.
    • Morphoton
    • By Morphoton 4th Jun 17, 8:08 PM
    • 39 Posts
    • 36 Thanks
    Morphoton
    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-sipp
    • ed44
    • By ed44 5th Jun 17, 11:44 AM
    • 20 Posts
    • 25 Thanks
    ed44
    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.
    • Nerdlinger
    • By Nerdlinger 5th Jun 17, 12:17 PM
    • 13 Posts
    • 3 Thanks
    Nerdlinger
    No notice of changes to Ts & Cs yet so I'm still with TD
    • cloud_dog
    • By cloud_dog 5th Jun 17, 6:02 PM
    • 3,021 Posts
    • 1,613 Thanks
    cloud_dog
    It'll be the same as II.
    Originally posted by isasmurf
    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????
    Personal Responsibility - Sad but True

    Sometimes.... I am like a dog with a bone
    • Economic
    • By Economic 5th Jun 17, 6:14 PM
    • 69 Posts
    • 43 Thanks
    Economic
    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????
    Originally posted by cloud_dog
    IG has no fees to transfer out like TD Direct.
    • cloud_dog
    • By cloud_dog 5th Jun 17, 6:38 PM
    • 3,021 Posts
    • 1,613 Thanks
    cloud_dog
    IG has no fees to transfer out like TD Direct.
    Originally posted by Economic
    Did you mean TD, or X-O?

    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 bone
    • Economic
    • By Economic 5th Jun 17, 6:53 PM
    • 69 Posts
    • 43 Thanks
    Economic
    Did you mean TD, or X-O?

    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.
    Originally posted by cloud_dog
    TD direct and IG do not have exit fees, but X-O do have exit fees.
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