Iii

soulsaver

slinga wrote: »

late to this thread.

Is 'TD Direct' the same as 'Trustnet direct'???

No. It's now owned by Interactive Investor but name originates either from Toronto Dominion Bank or TD Waterhouse brokers, not sure which, but definitely nothing to do with Trustnet.

slinga

minted_visitor wrote: »

I need to switch my ISA away from Fidelity since the platform charges have become extortionate as my investment has grown. On paper Interactive Investor seems like a good choice. I read pages 1-10 and 85-95 of this forum thread ... I wasn't up to ploughing through all 95 pages! Opinion of Interactive Investor seemed positive in the first 10 pages (i.e. back in 2014) but seems distinctly negative in the most recent 10 pages. However that negative opinion seems concentrated on SIPP accounts, conversion from dirty to clean funds, and late payment of dividends.

My situation is:
I don't have or want a SIPP (already retired).
I don't want to engage in any share trading.
I buy and hold funds long-term, I've only ever had to switch one fund because of poor performance.
My funds have nearly all been converted to clean versions.
My funds are nearly all accumulation rather than income funds (so few potential issues with late dividends).

So my question is:
If my goal was to hold only clean, accumulation only, long-term funds then would Interactive Investor be a good choice, i.e. do you think I would be avoiding the problems you all have been describing in recent forum pages?
Thanks!

I'm in a similar position to you.

HL is costing me a lot annually - I moved to HL 5 or 6 years ago from Fidelity who I was very unhappy with over one switch - and now thinking about iii.

Did you move and if so who to.
Hopefully you still read MSF.

I'm also considering Alliance Trust and Trustnet Direct.
Anyone any comments on the last two???

bigadaj

I've avoided iii fro the issues around service experienced by others, I do have accounts with iweb and Halifax share dealing, both very basic but cheap and efficient for my purposes involving little trading.

xylophone

I'm finding II okay now on the whole - dividends sometimes come on the day they are paid and are no longer outrageously late.

planteria

"We wrote to all customers earlier today to advise of the quarterly fee that is due to be collected at the start of October. Please note that we made an error and have sent this to all customers, but not all customers are due to pay this fee. If you have received our message in error please ignore. There is no need to call us. If we believe that you are due to pay the fee we will write to you again next week and confirm."

they're still not quite on it.. i have a SIPP aswell as an ISA, so no quarterly fee.

soulsaver

Still useless, I'm afraid: Couple of weeks ago I sold stock while ex dividend, got the popup saying as you've sold we'll not apply the dividend reinvestment instruction.

Good, methinks, I don't need to do anything then.

Couple of weeks later I get an email advising me they've reinvested the income. I phone and the guy says - yep we're aware of the issue.
I tell you what we'll do to help you... (eh?) We'll sell them for no charge.
And the buying charge & loss since you bought (previous day, £6 odd)?
Oh no that's not within my remit!
!!!!!!!

So note: If your settings are div reinvest, reset it at the line level before you sell if ex dividend... Or prepare for a dispute... shouldn't need to, but it's II, ennit.

planteria

new iii pricing from 11th December:

"Simple, fair pricing:
£22.50 quarterly payment = £22.50 of trading credits
Unused credits can be rolled over and accrued to a limit of £90
£10 per trade, £6 for frequent traders
£1 for Dividend reinvestment and regular investing
Wide choice
Direct trading on international markets
Ability to hold and settle in nine currencies
New SIPP, new administrator
Same depth of news and editorial coverage you're used to
Help finding the right investment with our Rated Funds
Safe and secure with great service
Enhanced on-line security
FSCS Asset protection
New Terms

New Terms will apply for all customers. These have been updated to reflect our new services. They also include details in respect of the forthcoming GDPR (General Data Protection Regulation) and MiFID II (Markets in Financial Instruments Directive) regulations, which are designed to increase your data protection and security. Please take the time to review the Terms for all accounts that you currently hold."

what do you make of their new pricing? still competitive?

darren72

planteria wrote: »

new iii pricing from 11th December:

"Simple, fair pricing:
£22.50 quarterly payment = £22.50 of trading credits
Unused credits can be rolled over and accrued to a limit of £90
£10 per trade, £6 for frequent traders
£1 for Dividend reinvestment and regular investing
Wide choice
Direct trading on international markets
Ability to hold and settle in nine currencies
New SIPP, new administrator
Same depth of news and editorial coverage you're used to
Help finding the right investment with our Rated Funds
Safe and secure with great service
Enhanced on-line security
FSCS Asset protection
New Terms

New Terms will apply for all customers. These have been updated to reflect our new services. They also include details in respect of the forthcoming GDPR (General Data Protection Regulation) and MiFID II (Markets in Financial Instruments Directive) regulations, which are designed to increase your data protection and security. Please take the time to review the Terms for all accounts that you currently hold."

what do you make of their new pricing? still competitive?

A lot more expensive for me. This doesn't mention the £120 annual fee in addition to this if you hold a SIPP.

I'm currently paying £144 per year for my ISA and SIPP with them, this will increase to £210 per year under the new pricing.

traineepensioner

planteria wrote: »

new iii pricing from 11th December:

"Simple, fair pricing:
£22.50 quarterly payment = £22.50 of trading credits
Unused credits can be rolled over and accrued to a limit of £90
£10 per trade, £6 for frequent traders
£1 for Dividend reinvestment and regular investing
Wide choice
Direct trading on international markets
Ability to hold and settle in nine currencies
New SIPP, new administrator
Same depth of news and editorial coverage you're used to
Help finding the right investment with our Rated Funds
Safe and secure with great service
Enhanced on-line security
FSCS Asset protection
New Terms

New Terms will apply for all customers. These have been updated to reflect our new services. They also include details in respect of the forthcoming GDPR (General Data Protection Regulation) and MiFID II (Markets in Financial Instruments Directive) regulations, which are designed to increase your data protection and security. Please take the time to review the Terms for all accounts that you currently hold."

what do you make of their new pricing? still competitive?

I have a trading & ISA account with ii and hold mainly funds. I don't tend to trade much but I rebalance my portfolio at least once a year. This change will probably save me money by allowing me to accrue up to 9 trades, instead of losing them each quarter.

planteria

darren72 wrote: »

I'm currently paying £144 per year for my ISA and SIPP with them, this will increase to £210 per year under the new pricing.

me too darren. and interesting traineepensioner. i have a fund in my SIPP and individual shares in my ISA. i suppose the question is whether these changes mean it makes sense to transfer away fro iii:think:

as it happens i have an employer nowadays, and they have a pension scheme with Royal London which seems to be competitive.. maybe i will move away from a platform altogether, by transferring my SIPP and pile my ISA into a house:cool:.