Platform Recommendations

grumpsthegit

Hi I have another question and a comment.

Looking at II charges v HL charges it looks like whilst some of the funds are slightly more expensive in II than HL if you take the HL charges into account II seem cheaper overall. However what I find dismaying is that the II platform supports a couple of HL funds - and the fund management charges on the II platform is actually slightly less than the fund management charge on the HL platform. I mean seriously what do HL think they are doing! I know it's only fractions of a percentage but if you cannot get the best deal for a HL managed fund on the HL platform then they are just ripping off their customers surely?

Anyway the question I had is if I am doing an in Specie transfer, if the Exact fund does not exist will that mean a sales and repurchase is needed. I am sure that is true in 99% of cases but I only as as I have a large chunk in:

Royal London Sterling Extra Yield Bond Class Y - Income

and on the II Platform they have 

Royal London Sterling Extra Yield Bond Z (and A and - Income 

So was wondering if they were close enough that a sale would not be needed - am I being a fool :-)

Many thanks 

ColdIron

The HL in house funds are cash cows and best avoided

An in specie transfer is usually a re-registration of owner and not the security involved so almost certainly this will need a sale and repurchase. I haven't read the whole thread but if you hold it in a SIPP or ISA it should be pretty straight forward, no CGT and minimal cost, You may be out of the market for a short while but this could work for you as much as against you

Hoenir

With regard to ETF's tread carefully. Read the small print contained in the KIID. There are often hidden charges when dealing in them. Not as black and white as the headlines make out. Also spreads can rapidly widen if liquidity dries up.