TD Direct sold to Interactive Investor

System

cloud_dog wrote: »

Do you think:

We are committed to providing you with great value for money, through simple, fair and competitive charges.

...will mean II current charge structure (for TD customers)

More than likely, unless they think that their current charges are complicated, unfair and uncompetitive!

isasmurf

Economic wrote: »

I am waiting to see what simple, fair and competitive prices mean, and if they will be introducing fees to transfer out.

It'll be the same as II.

We will introduce a fixed fee per customer for our standard trading and investing services which will be held as a credit towards trade commissions for buying and selling. When that credit has been used we will charge a simple, low commission for each trade you place.

Morphoton

Not sure if this only applies to TD SIPPs as it's the only type of account I have with them but TD plan to stop using AJ Bell as the SIPP trustee from Dec 2017.
There are various options available:
https://www.tddirectinvesting.co.uk/important-changes-to-your-sipp

ed44

Agree that expect charges to be the same as II.

If they're going to remove TD's free transfers out, I'll probably move to IG.

Nerdlinger

No notice of changes to Ts & Cs yet so I'm still with TD

cloud_dog

isasmurf wrote: »

It'll be the same as II.

So, it seems a reasonable assumption to think that it will be the II charging structure.

Soooo, the question for me (OH's account), move the TD dealing / ISA accounts to IG or X-O?

I think people have been commenting on IG because there does not appear to be any annual platform charge but, X-O is in the same position.

There is an additional consideration for me (OH) insofar as if the account(s) were moved to X-O I could also look at the option of transferring the OH SIPP to X-O and not incur a SIPP annual management charge (refunded). (would need to modify the OH SIPP to be IT / ETF based rather than OIEC but that is not an issue).

Hmmmm????

System

cloud_dog wrote: »

So, it seems a reasonable assumption to think that it will be the II charging structure.

Soooo, the question for me (OH's account), move the TD dealing / ISA accounts to IG or X-O?

I think people have been commenting on IG because there does not appear to be any annual platform charge but, X-O is in the same position.

There is an additional consideration for me (OH) insofar as if the account(s) were moved to X-O I could also look at the option of transferring the OH SIPP to X-O and not incur a SIPP annual management charge (refunded). (would need to modify the OH SIPP to be IT / ETF based rather than OIEC but that is not an issue).

Hmmmm????

IG has no fees to transfer out like TD Direct.

cloud_dog

Economic wrote: »

IG has no fees to transfer out like TD Direct.

Did you mean TD, or X-O?

Old TD does/did not have a transfer out charges (from what I can tell from their charges web page).

EDIT: Was referring to dealing/ISA accounts.

System

cloud_dog wrote: »

Did you mean TD, or X-O?

Old TD does/did not have a transfer out charges (from what I can tell from their charges web page).

EDIT: Was referring to dealing/ISA accounts.

TD direct and IG do not have exit fees, but X-O do have exit fees.

cloud_dog

Economic wrote: »

TD direct and IG do not have exit fees, but X-O do have exit fees.

I think my mind must have read your 'like' as 'unlike'....ooops.