iii introducing quarterly £20 charge

afwone

busby3000 wrote: »

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?

The deplorable way that iii tried to impose new charges has shown how vulnerable the customers of such companies can be. Exit charges force us into a long term relationship, as the costs of escaping to another provider can be prohibitive.

I have been heartened by the new strapline on the X-O website:

'Unlike some of our competitors, we don’t charge management or inactivity fees – and guarantee we never will!'

Feedback from other forum users has been generally positive with X-O, so that is where I shall probably move to from iii.

dunstonh

I have been heartened by the new strapline on the X-O website:

'Unlike some of our competitors, we don’t charge management or inactivity fees – and guarantee we never will!'

That has to be because they are not a platform and dont offer platform services.

afwone

sabretoothtigger wrote: »

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

My 'flash offer' from HL for such a bonus expired at 12 noon today. I was tempted by the prospect of getting a £250 bonus for transferring my shares from iii to them as it would cover the next five years management charges from HL. That said I am not sure that it is worth tying oneself in to an expensive provider for the long term.

My funds are still with HL, but I grow ever less happy with such investments apart from a handful of cheap tracker funds (now made less cheap with HL's platform charge).

afwone

dunstonh wrote: »

That has to be because they are not a platform and dont offer platform services.

Why pay for a platform if you don't require one?

grey_gym_sock

busby3000 wrote: »

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

you could go back to paper, but transfer each certificate back into some broker's nominee account just before selling it. transferring in always seems to be free.

though this only makes sense if you don't trade very often, and can anticipate when you'll want to sell.

and it doesn't cover how to buy new shares.

sabretoothtigger

I will do that for POG shares probably. It fell from 1200 to 400 while the gold price doubled, nobody likes Russia. It will be years before I can sell them probably so might as well keep them on paper

It should be said Halifax often do special offers. Nobody Ive heard of really ever does this apart from them. I post them in the share sticky thread quite often, above

I dont know but the olympics would likely be an example of when they do an offer. They did it for the world cup, etc Maybe its because dealing frequency drops greatly on big sport events, ie. they have spare capacity.

Anyway its not an obvious benefit but they been doing one off 'happy hours' for years now

grey_gym_sock

sabretoothtigger wrote: »

It fell from 1200 to 400 while the gold price doubled, nobody likes Russia. It will be years before I can sell them probably

you can sell them - the shares haven't been suspended. are you in denial?

dunstonh

afwone wrote: »

Why pay for a platform if you don't require one?

I agree. I have said that in a few posts on this thread. Not everyone needs platforms. So, they shouldnt be using one and expecting it to be as cheap.

Now the cross subsidy they have enjoyed is going away, those people should move away from platforms. Rather than finding another platform and have to do the same again in future.

simonfitba

I've put my transfer forms in to Selftrade today (for the second time after the first lot was lost in the post).

Here's a hypothetical for you... If I bought more shares with iii before the transfer goes through, would my entire shareholding move to Selftrade?

I wrote specific numbers of shares on the transfer form but also wrote for the entire account to move in the "additional notes" bit of the form. Whaddya think. Probably not worth the risk.

I'm just aware that I won't be able to do any "regular investing" until the 20th of next month.

victormeldrew2

afwone wrote: »

The deplorable way that iii tried to impose new charges has shown how vulnerable the customers of such companies can be. Exit charges force us into a long term relationship, as the costs of escaping to another provider can be prohibitive.

I have been heartened by the new strapline on the X-O website:

'Unlike some of our competitors, we don’t charge management or inactivity fees – and guarantee we never will!'

Feedback from other forum users has been generally positive with X-O, so that is where I shall probably move to from iii.

Very interesting - I have been with them for a while with various accounts and they have been very good - haven't seen that strapline though. Must look harder!

Wife's and my ISA gone to them, not because III platform not what we wanted (it was exactly what we wanted). Just don't TRUST them fully any more so can't work with them.