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II confirm takeover of EQi

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  • Barry_Bear
    Barry_Bear Posts: 212 Forumite
    100 Posts Second Anniversary Name Dropper
    edited 8 March 2021 at 5:52PM
    I was wondering whether to move if II were expensive. But their online price list says £9.99 a month or £120 a year. So for a GIA with just 1 fund £100k buy and hold, no dealing fees, which would be my situation, that's about 0.1%. Looks reasonable. Or is there another platform fee or something else II charge on top I haven't seen?
  • Alexland
    Alexland Posts: 10,183 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 8 March 2021 at 6:05PM
    I was wondering whether to move if II were expensive. But their online price list says £9.99 a month or £120 a year. So for a GIA with just 1 fund £100k buy and hold, no dealing fees, which would be my situation, that's about 0.1%. Looks reasonable. Or is there another platform fee or something else II charge on top I haven't seen?
    If it's an OEIC fund then you could transfer it to iWeb (run by Halifax Share Dealing) who have no ongoing charge but charge £100 setup so you would break-even after 10 months. Or if you don't want to pay the setup charge then Halifax Share Dealing's new ongoing charges are £36 pa but after 3 years it would have been cheaper to go with iWeb.
    If it's an ETF, IT, etc then consider Jarvis X-O who have no ongoing charge for a GIA.
    All that is assuming there really are no trades eg divi reinvestment as it accumulates.

  • Barry_Bear
    Barry_Bear Posts: 212 Forumite
    100 Posts Second Anniversary Name Dropper
    Alexland said:
    I was wondering whether to move if II were expensive. But their online price list says £9.99 a month or £120 a year. So for a GIA with just 1 fund £100k buy and hold, no dealing fees, which would be my situation, that's about 0.1%. Looks reasonable. Or is there another platform fee or something else II charge on top I haven't seen?
    If it's an OEIC fund then you could transfer it to iWeb (run by Halifax Share Dealing) who have no ongoing charge but charge £100 setup so you would break-even after 10 months. Or if you don't want to pay the setup charge then Halifax Share Dealing's new ongoing charges are £36 pa but after 3 years it would have been cheaper to go with iWeb.
    If it's an ETF, IT, etc then consider Jarvis X-O who have no ongoing charge for a GIA.
    All that is assuming there really are no trades eg divi reinvestment as it accumulates.

    Thanks. But I already use iWeb and don't want to hold everything on any one platform.

  • ranciduk
    ranciduk Posts: 719 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Decades ago I got free HBOS shares

    then a few years later I was contacted and to say that Equiniti was dealing with them and I was given a website address where I could log in and check my share values, statements, dividend preferences etc etc

    Will this news affect me then?


  • eskbanker
    eskbanker Posts: 37,059 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ranciduk said:
    Decades ago I got free HBOS shares

    then a few years later I was contacted and to say that Equiniti was dealing with them and I was given a website address where I could log in and check my share values, statements, dividend preferences etc etc

    Will this news affect me then?
    No, LBG shares will continue to be maintained via the Shareview portal, which is separate from EQi.
  • ranciduk
    ranciduk Posts: 719 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Oh great!

    thanks for answering my question 
  • anxiousnow
    anxiousnow Posts: 91 Forumite
    Part of the Furniture 10 Posts Name Dropper Photogenic
    edited 9 March 2021 at 1:22PM
    Wonder what happens if you have a LISA transfer request already submitted to EQi?! Posted ours last week! 
    My referrals page: https://sites.google.com/view/donnaonamission/home 
  • GPK10
    GPK10 Posts: 53 Forumite
    Fifth Anniversary 10 Posts
    My LISA transfer from Onefamily to EQi has just gone through, pretty smoothly I have to say. I would not be impressed if they sold back to Onefamily!
  • jaybeetoo
    jaybeetoo Posts: 1,363 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 10 March 2021 at 12:07AM
    ivormonee said:
     Looks like II will be increasing their monthly fee again to pay for this.
    They might eventually become nearly as expensive as Hargreaves Lansdown.

    The last change by ii in monthly fee for my accounts was to reduce it.

    ii are much cheaper than HL or AJ Bell for me.  The flat fee structure is cheaper once you reach a certain amount of investments. 
  • Yorkshire_Pud
    Yorkshire_Pud Posts: 1,965 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    eskbanker said:
    ranciduk said:
    Decades ago I got free HBOS shares

    then a few years later I was contacted and to say that Equiniti was dealing with them and I was given a website address where I could log in and check my share values, statements, dividend preferences etc etc

    Will this news affect me then?
    No, LBG shares will continue to be maintained via the Shareview portal, which is separate from EQi.
    Does the Shareview portal fall under the control of Equiniti? My paperwork for the Lloyds shares I hold says Equiniti.
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