Transfer of Aberdeen Standard Life/abrdn shareholder register

Rheumatoid

And why can you buy on the one site but have to go to another to sell? Seems nuts.

eskbanker

Rheumatoid said:

eskbanker said:

Rheumatoid said:

eskbanker said:

Going back to the original reason for the thread, the letter containing revised shareholder reference number has arrived today, so I'm now activated on the new https://www.abrdnshares.com portal, where my holding is visible as expected....

I have just done the same but can't see an option to sell (only buy, detail and dividend election options). The information that came in the letter said I could sell at 25p per share (Max £50). are they having a laugh?

Under 'Selling all your shares', the letter does include "If you only wish to sell some of your shares, you can do this by visiting shareview.co.uk/dealing" and this (separate) site does include a 'sell' button, which presumably allow selling an entire holding if desired, although, as you say, a dealing cost of 25p per share is some way beyond a joke, as is the £50 flat fee purchase cost (excluding stamp duty).

Perhaps there's some logic to having one site to view your holding and a different one for selling it, but it's far from obvious to me why they'd do that, it all seems very clunky....

Thanks. Does seem odd and will take a look. Was just trying to see if charges were the same dealing online as in the letter but from what you have said I take it that they are - unreasonable!

Not sure the charges are the same -https://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Products/Documents/RatesandChargesCertificated.pdf suggests a 1% charge with a minimum of £20, so again it's an inconsistent approach....

CharlieMcGill

One alternative to the £50 charge is to transfer the shares to another platform, i.e. HL AJBell etc, this can be done free if the other platform is a member of CHEST (as HL is), then sell/buy the shares at a cheaper cost. I suspect the £50 only applies to the letter received, which if so is a bit naughty, imo. I must say I found the whole process pretty confusing and was tempted just to sell all the shares to avoid the labour. The mistake abrdn made was combining the re-register process with the buying/selling of shares. I am guessing they want to remove 'trivial' or orphaned or even dead shareholders. The simplest thing to do is just to use the share ref number plus e-mail activation code and you are a back to the system more or less as was. Just ignore everything else and use the numbers giving then work out want you want to do on the buying/selling front, if anything. No real hurry as the dividend will be due in September. You can also submit the full selling form at £50 cost before 24 Oct 21. That's two hours labour costs abrdn owns me!

molerat

My letter arrived today.  If you have an existing Equiniti portfolio you can add the ABRDN shares to it manually using the number on the letter, no need for the separate ABRDN log in.

MiserlyMartin

Hi, in a twist to this tale, soon Interactive Investor will be swallowed up by arbdn. So surely it would be possible to transfer the arbdn shares to the ii platform if you had one, which is far more reasonable than this 25p a share / £50 sell offer.

And yes, I agree that arbdn is a completely stupid name. What was wrong with Standard Life, everybody knew it and trusted it.

Albermarle

MiserlyMartin said:

Hi, in a twist to this tale, soon Interactive Investor will be swallowed up by arbdn. So surely it would be possible to transfer the arbdn shares to the ii platform if you had one, which is far more reasonable than this 25p a share / £50 sell offer.

And yes, I agree that arbdn is a completely stupid name. What was wrong with Standard Life, everybody knew it and trusted it.

Standard Life is still used for their two advisor only investment platforms .

However to make sure everybody is confused , they sold their retail pension/insurer business to Phoenix, but that is still branded as Standard Life as well .