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ISA Transfer iWeb -> InvestEngine
I have some cash sitting in my iWeb S&S ISA. I wanted to invest it in dividend-paying
stocks. Did my research, and decided I wanted to buy VanEck Morningstar
Developed Markets Dividend Leaders – symbol TDGB. Logged in to iWeb, only to
find that TDGB is not available on their platform. Apparently a dividend paying
UCITS ETF is not considered suitable for individual investors at iWeb. This is
not the first time I’ve encountered this problem with them.
I noticed that InvestEngine is offering S&S ISA’s with no platform fee. Reviews don’t seem bad. So I created an account and searched for TDGB. No problem buying this at InvestEngine.
I have initiated a transfer of £50,000 from iWeb to InvestEngine. We will see how it goes. If all is well, I will gradually move funds over as and when I sell my investments on iWeb.
Comments
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More suited to the savings & investments board than the pensions one perhaps, especially as InvestEngine don't seem to offer pensions?1
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