iWeb Funds Buying and Selling 30 January at 2:29PM edited 30 January at 2:30PM in Savings & investments 5 replies 181 views

BearWhite

Hi,

Is there a way to transfer between funds in an iWeb SIPP, or do I have to sell the fund I hold then buy another?


Thanks

GeoffTF

There is a fund switching facility, but is slow (except for ETFs):

https://www.vanguardinvestor.co.uk/need-help/answer/how-long-does-it-take-to-switch-from-one-fund-to-another

If you have some cash in the SIPP, you can switch in stages with a series of simultaneous sales and purchases.

ColdIron

Some platforms such as HL allow you to switch funds with a single instruction, although in reality it's a sale and purchase, but I don't think IWeb provide this facility so you will have to give them 2 instructions

BearWhite

ColdIron said:

Some platforms such as HL allow you to switch funds with a single instruction, although in reality it's a sale and purchase, but I don't think IWeb provide this facility so you will have to give them 2 instructions

Thanks, I couldn't see anything but wanted to check I wasn't missing a trick. I've got a fair bit in there so don't want to be out of the market. I guess I could do it chunks.

Sea_Shell

Be careful of their £5 per trade, by doing it in chunks.

Worth bearing in mind.

GeoffTF

GeoffTF said:

There is a fund switching facility, but is slow (except for ETFs):

https://www.vanguardinvestor.co.uk/need-help/answer/how-long-does-it-take-to-switch-from-one-fund-to-another

If you have some cash in the SIPP, you can switch in stages with a series of simultaneous sales and purchases.

Sorry, I did not read the original post closely enough. iWeb does not appear to provide a switching facility.