S&S ISA Transfer

mparter

Has anyone done a transfer from a Lloyds Ready Made Investments ISA? And if so how long did it take.

I realise there will be slightly more delays at this time of year but I initiated a transfer on Trading 212 a couple of weeks ago and Lloyds haven’t even acknowledged it yet.

I’m also assuming Lloyds will have to sell the investments before transferring them as I believe it’s a particular Scottish Widows investment instrument that doesn’t exist on T212.

Albermarle

The Govt target is for a S&S ISA transfer to take no longer than 30 Calendar days.
Probably initiating a transfer just before Xmas was not the best timing.

dunstonh

I realise there will be slightly more delays at this time of year but I initiated a transfer on Trading 212 a couple of weeks ago and Lloyds haven’t even acknowledged it yet.

• Have T212 requested it electronically, via email or by postal mail? 
• Have T212 sent it to the right Lloyds?  (Lloyds have multiple departments depending on the distribution channel, and they cannot see the others, so they can't pass it on if the wrong details are used - e.g. You have the SW platform, SW legacy investments from the old Black Horse, Clerical Medical and Halifax days as well as SW originals from before Lloyds Bank along with the  robo offering (Ready Made ISA) that has nothing to do with SW and is controlled by Embark (another Lloyds bank company).

I’m also assuming Lloyds will have to sell the investments before transferring them as I believe it’s a particular Scottish Widows investment instrument that doesn’t exist on T212.

You shouldn't be assuming anything on that point.   The application form for transfers asks you to select whether it's in-specie or cash transfer.   Some of the Lloyds ISAs could in-specie transfer but some cannot.