TD Direct sold to Interactive Investor

badger09

C_Mababejive wrote: »

What is the iweb portfolio/web interface like? I really like the TDW/II interface and wish i didnt have to consider moving. Also is the II new charching structure per account so that if you have a trading account and an ISA you will pay 2 x £22 per quarter?

Its amazing that II want to charge me something when TD didnt charge me anything unless i traded and IG will give me £250 to come to them..

I use both IWeb and Hargreaves Lansdown (for my small SIPP;)) and don't have any experience of any other platform.

The IWeb interface is basic, no bells and whistles but works fine for me. Be aware though that they don't offer everything. I enquired about L&G Multi Index funds some time ago and was told they don't offer them because they are not UCITS compliant.

capital0ne

badger09 wrote: »

I use both IWeb and Hargreaves Lansdown (for my small SIPP;)) and don't have any experience of any other platform.

The IWeb interface is basic, no bells and whistles but works fine for me. Be aware though that they don't offer everything. I enquired about L&G Multi Index funds some time ago and was told they don't offer them because they are not UCITS compliant.

You can see what iWeb offer on their web site, check that out before squandering your £25 to open an account

JohnRo

First time in about four years I haven't seen a dividend appear in the account on time as scheduled and expected, well done II. Are they still gaming clients dividend payouts?

It was the main reason I ditched them years ago and it just reinforces my choice to get away from them again now.

greenglide

First time in about four years I haven't seen a dividend appear in the account on time as scheduled and expected, well done II. Are they still gaming clients dividend payouts?

Is this in a TD account which has now been re branded as II?

My October dividends arrived in my TD account on time this month and I have extracted the payment on 1st November as normal.

My transfer out to HL has started and is shown as in progress in the TD account.

Seem ok at present.

JohnRo

greenglide wrote: »

Is this in a TD account which has now been re branded as II?

Yes it is, I made a stupid mistake and mixed up some dates. I shouldn't have posted.

C_Mababejive

Transfers initialised. I am really sorry to leave his platform. TDW have done an excellent job for me for years and its a great shame they have sold out. I am not prepared to pay a platform charge of £88 pa when other companies will pay ME to come to them and i can decide when and how to deal and take charges.

PS for those whos accounts have already been transferred ,do the TDW accounts automatically close or do they remain accessible with zero holdings? I'm just thinking of the data held i.e contract notes etc..

greenglide

I got an email from TD/II as part of my transfer informing me that I would need to request closure of the account when the transfer, it wouldn't be automatic.

I hope that will be true but have saved all the contract note, tax certificates etc.

JohnRo

I am really sorry to leave his platform.

Likewise, I was told they would have closed the account automatically when I phoned them to make sure that would be the case.

It's probably worth a phone call to be sure before the December deadline.

economic

im not sure why so many are deciding to leave? the charges are a good thing for me and i would expect a good thing for most? yes there is an annual fee now but that can be offset by trading costs. also more crucially there is no platform fee for holding funds so my costs will go down a lot.

or am i missing something?

TCA

Plenty folk don't trade and many TD customers would've been paying no custody fees at all.