iii introducing quarterly £20 charge

gingellr

victormeldrew2 wrote: »

Yes it will be interesting to see what HL do....I have tended to have 2 ISA accounts, one for funds (HL) and one for non-funds (largely ITs but a few individual equities).

I assume you mean from previous years as you can only contribute to one ISA per year?

busby3000

Thanks to those who replied to my message re transfer of share dealing only I have decided to go with X-O as opposed to i-Web - they are cheaper for deals and make no charges for corporate actions. The only quibble is that they don't pay over divis as they come in so I will have to make a cash withdrawal every time one is paid. They do an automatic quarterly payment however, for those who are interested.

[Deleted User]

gingellr wrote: »

Yes as long as you let them know you are doing so to close your account.

Although they are waiving the transfer fee, it appears they are not waiving the fee for transferring into certificates, got this response back from them :

We will not levy a charge for any rematerialisation requests we receive on or before 31 July 2012. In some circumstances it can take up to 4 weeks to complete the rematerialisation, but as you have instructed us in writing before 31 July 2012, the transfer will be free of charge.
In addition, as we received your instruction before 30 June 2012 the first quarterly fee payment will be waived while the conversion is underway.

We apologise for any undue concern or inconvenience this price change may have caused.
I hope this helps, please do not hesitate to contact me should you require any further assistance.
Kind regards
Chris Holt
Customer Service Executive.

gingellr

Deleted_User wrote: »

Although they are waiving the transfer fee, it appears they are not waiving the fee for transferring into certificates, got this response back from them :

We will not levy a charge for any rematerialisation requests we receive on or before 31 July 2012. In some circumstances it can take up to 4 weeks to complete the rematerialisation, but as you have instructed us in writing before 31 July 2012, the transfer will be free of charge.
In addition, as we received your instruction before 30 June 2012 the first quarterly fee payment will be waived while the conversion is underway.

We apologise for any undue concern or inconvenience this price change may have caused.
I hope this helps, please do not hesitate to contact me should you require any further assistance.
Kind regards
Chris Holt
Customer Service Executive.

Not with you, think you have that wrong...

From your response "We will not levy a charge for any rematerialisation requests". The MD also stated on moneybox they will not charge for doing so.

[Deleted User]

gingellr wrote: »

Not with you, think you have that wrong...

From your response "We will not levy a charge for any rematerialisation requests". The MD also stated on moneybox they will not charge for doing so.

oops... yes you are right I have read that wrong thanks for the clarification.

I am an infrequent trader, so I will rematerialise my shares until I am ready to trade or find a company I am happy with, this way I have more time to decide.

TechnoBadger

Deleted_User wrote: »

oops... yes you are right I have read that wrong thanks for the clarification.

I am an infrequent trader, so I will rematerialise my shares until I am ready to trade or find a company I am happy with, this way I have more time to decide.

It wouldn't be a good idea, or even possible, to re-materialise shares that are held in an ISA account though...

gingellr

Just an update for anyone interested....

I have cancelled my ii isa transfer to TD Direct, i am going back with my original choice of iWeb.

The main reasons are....

No DRIP

No International dealings (although they were not too sure and could not give me a definite answer)

£500 initial minimum to buy one off funds

Can only do regular investing on ftse 350 not allshare.

2% foreign exchange spread

No trailing stop loss

Also had some issues trying to set up funds on the account where it said it would charge commission (although they said by phone that there system has a bug causing that)

Could not adjust my direct debit through their online account.

If you have a trading account as well as an isa account you would have to deal in both to stop the inactivity charge

Some i knew about and some are only relevant because it is a regular investment account their standard accounts work differently, but they do not state that on their website.

With iWeb there is just one account and within that you can regularly invest (similar to how ii works) and their on line system/features seem better so far.

Has anyone any positive/negative feedback for iWeb?

TechnoBadger

gingellr wrote: »

Has anyone any positive/negative feedback for iWeb?

If you were with iii before the migration last October, then you were actually dealing with Halifax Share Dealing, who own iWeb. So if you were happy then, perhaps you'll be happy going back to them. I found opening an iWeb account a doddle - no electricity bills or whatever to send on. Presumably this was because they'd dealt with me before (when they provided iii's service.)

gingellr

TechnoBadger wrote: »

If you were with iii before the migration last October, then you were actually dealing with Halifax Share Dealing, who own iWeb. So if you were happy then, perhaps you'll be happy going back to them. I found opening an iWeb account a doddle - no electricity bills or whatever to send on. Presumably this was because they'd dealt with me before (when they provided iii's service.)

Thanks, but no I only joined ii about 3 months ago.

In my experience i have never had to send forms off to open an account and it was the same for iWeb.

TechnoBadger

gingellr wrote: »

Thanks, but no I only joined ii about 3 months ago.

In my experience i have never had to send forms off to open an account and it was the same for iWeb.

I was really happy with the iii service before the migration to their own platform. So I'm confident I'll be happy again, the service looks almost identical online but I did telephone their dealing team recently to check that I'd be getting the same sort of service as before.