iii introducing quarterly £20 charge

DonnySaver

Has anyone managed to close their iii account yet? I sent a secure private message a few days ago and have received no acknowledgment whatsoever!

gingellr

samwardill wrote: »

Looking at selftrade it seems that they now have the same charging structure for regular isa investments in shares as iii used to have (I.e. £1.50 per month / investment and no other charges). Is this right?

It does seem similar that's why i am moving to them, a couple of differences to note though, they are more limited to what you can buy i.e share wise just the ftse 100, also they charge £1.5 for DRIP's II charge 1%

Gambler

owains wrote: »

Thanks for the responses to my questions.


Regarding basic stockbrokers... am I right in thinking that as they don't deal with funds they are unlikely to introduce the same type of inactivity/admin fees that seem to be appearing in reaction to fund fee structure changes?

Very good Q. I'm wondering the same?

Bob_Bridges

drmdmcgwn64 wrote: »

I not questioning the integrity of Optimist but how reliable is this information?
Should we expect a message from iii confirming this?
Does anyone think there will be a u-turn on the maintenance charges?

Have just had this in an email from iii.

Transfer forms in the post today, I guess iii are glad to see us little fish go.
Hey ho.

Bob

Old_Slaphead

DonnySaver wrote: »

Has anyone managed to close their iii account yet? I sent a secure private message a few days ago and have received no acknowledgment whatsoever!

Me too.

I've just sent them a reminder.

DonnySaver

Old_Slaphead wrote: »

Me too.

I've just sent them a reminder.

Perhaps they're swamped with closure requests!! :rotfl:

brineybay

:T Well done people. VICTORY!!

astreix

Rob_Quads wrote: »

Due to holding NASDAQ shares i'm a bit more limited on where to move. At the moment Halifax look the best bet with no inactivity fee at the moment.

I am in the same position as you. Will have a look at Halifax.

BTW HSBC also seem to offer the same facility (though not first direct). You need an HSBC account for that though, which I haven't got at the moment.

strawberrylane

DonnySaver wrote: »

Has anyone managed to close their iii account yet? I sent a secure private message a few days ago and have received no acknowledgment whatsoever!

Same situation here. My ISA and trading accounts are empty with zero balances. Got a reply back a few days ago in response to my closure request saying my accounts would be closed - but both are still showing as "Active" status online.

Has anyone actually had their accounts closed yet?

astreix

strawberrylane wrote: »

Same situation here. My ISA and trading accounts are empty with zero balances. Got a reply back a few days ago in response to my closure request saying my accounts would be closed - but both are still showing as "Active" status online.

Has anyone actually had their accounts closed yet?

Mrs got a reply to her request for account closure indicating that they will close her accounts by 1st of July.

Why not close them instantly is beyond me.