ii new platform plans 2026

poseidon1

Received an email flagging new plan charges to be introduced February next year.

In my case my current £21.99 tariff covering ISA, GIA, SIPP accounts will reduce to £14.99 (Plus plan) with improved trading and FX charges and ability to tack on family accounts ( up to £100k) for no additional charge.

In these inflationary times nice to see cost of investing being reduced by a provider that was already reasonably competitive given the extensive nature of their offering. The fx reduction particularly welcome in my case.


https://www.ii.co.uk/our-charges/new-pricing

aroominyork

That is impressive. I was a bit peeved when the free trades became less generous a while ago, but this more than makes up for it. Good for them, making an eyecatching offer instead of small tweaks around the edges. 

booneruk

I've just got the email myself. It's good to see - I fall into the lower tier and have reduced my portfolio down dramatically this year, but this might keep me from moving the rest of my investments into T212 and other low cost providers. 

I also use their GIA to buy short dated gilts so it'll be nice to keep that facility.

poseidon1

booneruk said:

I've just got the email myself. It's good to see - I fall into the lower tier and have reduced my portfolio down dramatically this year, but this might keep me from moving the rest of my investments into T212 and other low cost providers. 

I also use their GIA to buy short dated gilts so it'll be nice to keep that facility.

Their new offerings may well be a response to the competition offered by the likes of Trading 212.

What would complete ii's appeal would be to convert their isa to a flexible variant, something I will be approaching them about.

 Be interesting to see how/if Hargreaves Lansdown responds to this gauntlet being thrown down by one of their major competitors.

phlebas192

Looks like a good deal for those with SIPPs but otherwise it's a 25% increase in the monthly fee for no additional benefit.

DavidT67

Why is it II penalises you for large trades over £100K and larger portfolios ? 

Time2Go_25

So if I have read it correctly, my £12.99 SIPP will be rising to £14.99 

Mothman

I too only hold a SIPP with them and whilst the £24pa increase is unwelcome some of this will be offset by the reduced dealing costs for funds, even though I trade infrequently. 

Not sure it's a big enough carrot to get me to transfer our ISA's from iWeb (Scot Widows) as I'm reluctant to have all our eggs in one basket, but may use their GIA facility if it's now not going to cost any extra.

poseidon1

Time2Go_25 said:

So if I have read it correctly, my £12.99 SIPP will be rising to £14.99 

Yes pension builder clients appear to be in line for a £2 pm increase.

However depending on annual trading activity and nature of underlying investments  this could be partly or wholly offset by lower trading commissions  ( £2.50 decrease on funds) and reduced fx.

However, agree not everyone is a winner but those of us who have the full complement of ii accounts certainly appear to be.

I suspect the change  might be a nudge by ii for pension builder and pension essential clients to open GIA/ISA accounts for no additional charge?  It seems standalone sipp tiers no longer exsists.

All in all the new tiers do appear to tidy up and simplify ii's current offerings.

itwasntme001

For the family fee-free offer does that include SIPP acocunts for the family members or is it still GIA/ISA only?

itwasntme001

I am thinking I might move my AJB SIPP to ii as I can offset the ii price increase with the cost saving from AJB fees.  Its a low 5 -figure account so not a huge amount to risk platform concentration.