iii introducing quarterly £20 charge

dunstonh

guitarman001 wrote: »

I'll be using HL, looks good.
Just hope their prices don't go up much more after tha PLATFORM REVIEW. The £1-2 fund dealing charges I think were already their response to RDR and I imagine are hurting some.

HL's model is not currently compliant with RDR/Platform review. So, do expect it to change. They are still in receipt of platform commissions and IFA trail commissions.

Whether they plan to go with dual platforms we dont know. (i.e. legacy business which can stay with commissions unless there is a change to the investments and "new business" which will have to be set up the new way).

it is going to be interesting to see where these all end up.

premierfella

mulronie wrote: »

I was about to go with them and got cold feet at the last second when I read clause 9.3 in their T&C's:



Seems a bit unreasonable to expect me/us to pay any FSCS levy they get hit with? Or am I reading this wrong - anyone got any thoughts?

I don't think your reading it wrong at all, so by going with Sippdeal I'm probably accepting yet another charging risk.

On another poster's Q about just leaving a nominal share or cash in the account if closure fees are an issue for me, I'd rather not do that as it opens up the risk that a new account fee is introduced and advised by email which drops into my spam folder (a possibility which could be happening to some of iii's customers with open accounts and nil/nominal holdings).

I see TD Direct has some fans - I agree that a fixed account closure fee rather than per holding transfer out fees is a potential plus. I was assuming that the fact that they already have an administration fee for under £5100 would allow them in future to extend an annual fee to all ISA customers without having to allow fee-free transfers out - there is every likelihood that my assumption is entirely incorrect though.

guitarman001

dunstonh wrote: »

HL's model is not currently compliant with RDR/Platform review. So, do expect it to change. They are still in receipt of platform commissions and IFA trail commissions.

Whether they plan to go with dual platforms we dont know. (i.e. legacy business which can stay with commissions unless there is a change to the investments and "new business" which will have to be set up the new way).

it is going to be interesting to see where these all end up.

Crikey, and HL aren't the cheapest either........ I guess I'll just have to take my chances and hope.

guitarman001

By the way, any musings on my question as to how to read a fund performance chart? I'm confused with the percentage on the y-axis... what is that in reference to? Eaxh tax year? The start of each month? The previous day?

Surely it can't be the previous day... so if the figures for Monday and Tuesday are both 20%, and I put £100 in on Monday, that surely can't mean I've now got £120... so how to read these charts?

jem16

guitarman001 wrote: »

By the way, any musings on my question as to how to read a fund performance chart? I'm confused with the percentage on the y-axis... what is that in reference to? Eaxh tax year? The start of each month? The previous day?

The y-axis shows the percentage and the x-axis shows the unit of time. In most charts you can change this - so for example you could choose daily over 1 week.

This graph shows a default of yearly over 5 years.

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/a/aberdeen-emerging-markets-bond-income/charts

Change the timespan to daily over 1 week.

So if you invested on June 5th it shows just over 0.1%. June 6th shows just under 0.2%. So a difference of just under 0.1% in that one day.

TechnoBadger

Bishopswiz wrote: »

May seem a daft question but does any one know the interactive investor address that the transfer forms need to be sent to.
Looking to transfer to iweb & I need to put this information on the transfer form.

I believe that you need to send an iWeb transfer-in form to:

iWeb Share Dealing, Lovell Park Road, Leeds, LS1 1NS

and the address that I put on the form for Interactive Investor was their registered address:

Interactive Investor Trading Ltd, Standon House, 21 Mansell Street, London E1 8AA

Bishopswiz

Optimist wrote: »

They have a few addresses but the contact address on their website is

Interactive Investor Contact Centre, Freepost LON13840, Peterborough, PE1 1BR. I will be putting that on my forms.

That's the one I was going to use until I saw the following address on their form for transfers in, so was wondering if it's the same for transferring out. Very confusing where multiple addresses are involved

Transfer Team, Interactive Investor, 1st Floor, 2 West Regent Street, Glasgow, G2 1RW.

alanq

Bob_Bridges wrote: »

Just heard a trailer for Money Box live on R4.
Looks like the situation with III will be on there.

If you miss it, it might be on iPlayer later.

Enjoy, Bob

Today on Money Box (not Money Box Live)

http://www.bbc.co.uk/iplayer/episode/b01jpptl/Money_Box_09_06_2012/
Starts 16m20s in.

Optimist

Bishopswiz wrote: »

That's the one I was going to use until I saw the following address on their form for transfers in, so was wondering if it's the same for transferring out. Very confusing where multiple addresses are involved

Transfer Team, Interactive Investor, 1st Floor, 2 West Regent Street, Glasgow, G2 1RW.

Given that seems to be for the transfer team it is hopefully not unreasonable to assume they do both inward and outward transfers.

Just in the process of filling out the forms so I will go with that one

That is also the address where written complaints are handled so at least it will be easy to complain if they lose the forms

Just_landed

Bishopswiz wrote: »

May seem a daft question but does any one know the interactive investor address that the transfer forms need to be sent to.
Looking to transfer to iweb & I need to put this information on the transfer form.

Since they moved to Glasgow & having had a number of complaints since with them all to no avail their address is :-

interactive invester
2 West Regent Street
Glasgow
G2 1RW

GFI