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How long to process deals of Vanguard LifeStrategy funds?

Hello there,

Just wondering if anyone could advise how long a deal instruction takes to process for Vanguard funds with HL?

I placed a lump sum in my HL fund and share account on 5th Nov, and chose the Vanguard Life Strategy fund I wanted, about 11pm that night. The valuation point for these funds is 21.00h

As of 11.50am this morning, 7th Nov, the deal is still 'pending' with the note 'submitted for dealing' in the order status box on the HL site. Is this normal?

Many thanks for your time.

Comments

  • latecomer
    latecomer Posts: 4,331 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I think people talked about 3 days or so. Try phoning your broker - they should be able to advise.
  • gterr wrote: »
    I placed a lump sum in my HL fund and share account on 5th Nov, and chose the Vanguard Life Strategy fund I wanted, about 11pm that night.

    Given that you placed the order at 11pm on Tuesday, I wouldn't start worrying until at least Monday...
  • ColdIron
    ColdIron Posts: 10,212 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    gterr wrote: »
    Is this normal?
    Completely normal. HL batch up orders received before 8:00 AM for processing so your Tuesday order would accepted by HL on Wednesday. As the status is 'submitted for dealing' it could go through today or tomorrow but in some circumstances could be longer. Check out their explanation on the Pending Orders tab
  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    I've always found Vanguard transactions take at least a couple of days longer to process than other similar investments elsewhere seem to do, this with three different brokers (BI. CS & TD)
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • Totton
    Totton Posts: 981 Forumite
    I agree, my Vanguard deals always take longer than any others (apart from Ruffer who are also slow)
This discussion has been closed.
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