Alliance Trust v. iWeb?

deadpeasant

I have shifted my S&S ISA from HL to iWeb; as part of this, iWeb automatically open an unwrapped dealing account too, for free - no additional opening charge or annual platform charge.

I also have an unwrapped AT dealing account (containing VIGSCA, Vanguard's global small-cap tracker, an asset class I'd like to keep, and HSBC's American index, which I may sell soon). Given that I pay AT £75/yr for this, against iWeb's no charge at all, would anyone advise me to hesitate before closing my AT account?

Re the specific holdings, iWeb doesn't actually offer VIGSCA, but I can find the alternative WOSC on its research site:
https://halifaxiweb.digitallook.com/security.cgi?csi=19013160
I assume if I can find it there, I can buy it.

(Or are small caps so overvalued I should sell and buy again later...? I hate trying to market-time, but we lump-sum investors are to some degree forced into it.)

TCA

I use iWeb and for some reason not all available Vanguard funds are visible in the funds centre when searching. When logged in both VIGSCA and VIGSCI can be bought on the platform.

deadpeasant

I was being stupid - I forgot that VIGSCA is under Vanguard (IRE).

TCA, I take it you're happy with iWeb? Having left iii when they introduced fees and lost money in the move, I'm a little wary of platform changes. But here I can't see the catch - £75/yr v. £0. iWeb even answer the phone promptly and helpfully.

TCA

No complaints about iWeb but only been with them 6 months and minimal purchases. It's basic but it works. There's a thread on here somewhere about them.

deadpeasant

Any suggestions for finding the thread other than searching for 'iWeb'? That produces masses of threads.

TCA

This was the one I was thinking of:

https://forums.moneysavingexpert.com/discussion/4865441

Chickereeeee

I transfered from HL to iWeb a couple of months back. All good so far: dividends paid out on time!

Site is a bit basic (eg no 'bed and ISA' facility) but manageable

deadpeasant

Chickereeeee wrote: »

I transfered from HL to iWeb a couple of months back. All good so far: dividends paid out on time!

Site is a bit basic (eg no 'bed and ISA' facility) but manageable

Yes, and it's good to have the phone answered immediately by polite people who try to help.

Reading the earlier thread, there's a slightly puzzled 'too good to be true' tone, and it does seem remarkable that Halifax have provided this. What are the chances they'll introduce higher fees? More broadly, has the dust now settled on the big platform changes?

For the passive lump-sum investor iWeb seems a no-brainer.

badger09

deadpeasant wrote: »

Yes, and it's good to have the phone answered immediately by polite people who try to help.


For the passive lump-sum investor iWeb seems a no-brainer.

That's why I transferred my ISA from HL earlier this year.

Mistakes were made by both HL & iWeb during the transfer, but iWeb did pay me some compensation

I find the website ok - no bells and whistles, but it does what I want it to. I'm happier with my £5 one off dealing charge than I would be with HL's 0.45% annual management charge

deadpeasant

badger09 wrote: »

Mistakes were made by both HL & iWeb during the transfer

Hope mine goes through ok. I'm doing mine very belatedly :embarasse

badger09 wrote: »

I'm happier with my £5 one off dealing charge than I would be with HL's 0.45% annual management charge

I'm baffled by HL suggesting most of their customers would be better off and that their trumpeted discounts constituted a net loss. I'd have thought the 0.45% would be drowning them in cash.

pip895

deadpeasant wrote: »

I'm baffled by HL suggesting most of their customers would be better off and that their trumpeted discounts constituted a net loss. I'd have thought the 0.45% would be drowning them in cash.

Most of there customers were/are in managed funds and are better off;) (Previously they were paying .65-.75% to HL via the fund management charge.)