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Inclusive to Unbundled Funds. How long to switch?
Fortescue
Posts: 60 Forumite
I have a number of funds with HL in a NISA and a few in a Fund & Share account.
I have elected to have them all changed to 'Unbundled' status at the next switch over later this month.
I note that HL say it could take up to three weeks for this process to complete which seems somewhat excessive to me.
If any member went through the last bulk changeover, would you be kind enough to say how long it actually took?
Many thanks.
I have elected to have them all changed to 'Unbundled' status at the next switch over later this month.
I note that HL say it could take up to three weeks for this process to complete which seems somewhat excessive to me.
If any member went through the last bulk changeover, would you be kind enough to say how long it actually took?
Many thanks.
0
Comments
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Depends what method is being used. Conversions can take anything from a few days to a few weeks depending on the fund house. However, switches just need to wait for the settlement period.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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With HL if you use their convert option it preserves your Cost and Gain/Loss figures rather than starting from cost = value and £0/0% as would happen if you switched them yourself
Most of mine took a few days with one straggler that took a week or so0 -
OK, thanks everyone, I'm grateful to you.
The HL conversion option seems the best way from the point of view of preserving Cost etc but I thought that the possible timescale was a bit on the slow side.
Thanks for your info and experiences.
Fortescue.0
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