iii introducing quarterly £20 charge

dunstonh

Just wondering, are we all leaving iii or are there some who are happy to stay with them?

The significant majority will stay with them. Many will be much better off under the new charges.

jimkenyon

mollycat wrote: »

I'm staying as well; for me and the way I invest it's a no-brainer really.

Appreciate that it's not the same for everybody, so good luck to all who have moved.

I would stay but have become frustrated by the inefficient way in which they handle dividends.

TechnoBadger

mollycat wrote: »

...good luck to all who have moved.

Good Luck to all who stay!

BLB53

I would not stay with ii if they paid ME £20 /qtr. Seems to me the management are incompetent and unethical and, according to the latest accounts the business is losing money - I no longer have confidence in them to have custody of my investments.

My transfer forms have been sent to sippdeal - good luck to anyone who remains

TechnoBadger

Well said BLB33. My thoughts exactly, except I chose iWeb (my pension is with Sippdeal, however, and would have been good, too.)

ses6jwg

my transfer is in motion to selftrade they seem to be very quick, helpful and efficient

i sent my bank statement off 1st class recorded and it was returned to me within 3days

busby3000

Sorry to ask again but....
I only have shareholdings with iii (over 100k in 7 holdings)- all my other investments (Isas etc) are held elsewhere. All I want is the flexibility to trade when I need to - might 6 times a year or once every 5 years - and receive the divis (no reinvestment) So other than going back to paper certificates and then trading via my bank which will be more expensive and no flexibility to see online price I am buying/selling at, who do I move to that will not at some time in the future then make charges as iii is doing?
I have already had the broker I hold corporate bonds with do this to me and it is intensely irritating. I would like to be pro-active, so any help would be appreciated.
I am looking at TD Direct as I've used them in the past - can't remember why I stopped using them.

sabretoothtigger

HL offered bonus signup money on new investments or transfers over 1k to some customers recently. Could be worth investigation

TechnoBadger

busby3000 wrote: »

...who do I move to that will not at some time in the future then make charges as iii is doing?

Hmmm. That's obviously a tricky one. Andy Bell of Sippdeal has indicated that they have no plans in he pipeline to start charging (posting on The Motley Fool forums.) TDdirect already charges for low balances and have a higher dealing charge. I'd pick a broker who states that they have no inactivity or other such charges and then consider moving for free if they change their terms and start. If you had an iii account before the migration then iWeb might be really easy to set up as their owner Halifax Share Dealing will have dealt with you in the past. It was certainly easy for me.

Optimist

jimkenyon wrote: »

I would stay but have become frustrated by the inefficient way in which they handle dividends.

Very true, receipt of dividends has become very slow since they left the Halifax platform and there has been little improvement.

They did call me to ask if there was anything they could do to make me stay but I fear they have shot their bolt with me. The way these charges were presented was just the final straw.

Have decided on Saga with Selftrade a close second.

If you are staying then good luck.