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S&S ISA with pension style fund switch capabilities (stay in market)

Are there any S&S ISA providers that allow investors the ability to switch between funds (supermarket) without having to liquidate them first?
Also, looking for a provider that allows switching same day if orders are placed before the valuation cut off of mid day.

Have ruled out:
RBS share dealing (TDW)
HL

Comments

  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Isn't the problem - and I'm no expert, so I'm genuinely querying this - that ISA 'rules' don't permit 'cash'/'investments' in the same account in normal circumstances?

    This is obviously one for dunstonh to answer. I await HMV
    .....under construction.... COVID is a [discontinued] scam
  • Steven86
    Steven86 Posts: 16 Forumite
    Sorry for late reply, in answer to your question No.

    The reason is within a stocks and shares ISA you are trading the direct unit trust/OEIC fund, so in order for switches to take place then the supermarket needs to place it on a day1/day 2 basis

    DAY 1- switch placed to sell
    DAY2- Buy units within the new fund, can only do this once proceeds are raised from the day 1 sale.

    Pension (insured funds) are different as they price based on a previous days underlying UT/OEIC price e.g L&G Invesco Perp Income , so its possible for a switch to take place same day as its completely different. Sorry!!
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