New HL fee structure from 01/03/26

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/81859046#Comment_81859046

I have bought corporate bonds through iWeb in the past. Check to see what is available. If you hold open ended funds on HL with share classes that are not available on iWeb, they have to be converted if you transfer them. You can transfer and leave behind whatever you want. When you fill out the transfer form you specify which investments are to be transferred. There have been situations where people have held investments with iWeb that they cannot buy but can sell. Investment Trust warrants are an example. Whether they will let you transfer them in is another matter. You need to check with iWeb if there is any uncertainty.

DRS1

@masonic Thanks for the extract from Iweb. Judging by the last sentence I could end up with a partial transfer with any investment which cannot be transferred being left behind in HL- ie they would not force a sale and transfer of cash. Which is good. But I cannot say leave the corporate bonds where they are.

Interesting. Some corporate bonds don't come up at all when you search for them on Iweb (under the dealing bit) while some come up but with a "we don't let you buy this one" message. I wonder if they leave both types of bond behind or just the ones that don't come up at all.

I may have to ask Iweb though past experience of calling them doesn't give me confidence in the answer I may get. I shall probably delay any transfer until after April when I have seen just what the new fees look like (or maybe longer if the free year actually applies to everything in the GIA)

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81859109#Comment_81859109

Thank you. I am conscious that some investments have gone from being readily available to being impossible to buy (even on HL). As I mentioned in my post to @masonic some of the corporate bonds I hold don't show up at all when you put them in the dealing bit on Iweb and others show up as there but not something you can buy.

If it is right that I can specify on the transfer forms what investments to transfer then that is great. Is that form an online form or is it something I would have to get Iweb to send me?

masonic

I think the ISA process gives you a clue. You will probably need to contact them with exact instructions under separate cover. There is no reason I can think of why you couldn't do that ahead of committing to the (electronic) transfer from HL via the web form.

jimjames

Has anyone got experience of transferring funds that are gated or being liquidated? My dad has the remains of his Woodford holding in HL. Can they be moved to SWSD and still be in liquidation status or will that prevent the transfer?

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/81859143#Comment_81859143

I have just remembered something important here. I believe that what I said about partial transfers is correct for iWeb's Share Dealing Accounts, but they may not accept partial ISA transfers. HL does not seem to have a problem with partial ISA transfers. AJ Bell seems to accept partial ISA transfers for previous tax years. AJ Bell is very competent. Perhaps you could use AJ Bell as a staging post. You are going to have to make some enquiries here. I believe that iWeb's transfer form is online, but it is many years since I last transferred anything to them.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81859166#Comment_81859166

Thanks. My ISA emigrated from HL to Iweb years ago (again because of fees). Now it is just the GIA left behind and which may follow.

granta

https://forums.moneysavingexpert.com/discussion/comment/81859166#Comment_81859166

In the past, I have done in specie partial ISA transfers IN and OUT of iweb without any problems. It just requires an extra phone call once you've submitted your online request to confirm which assets to move

granta

https://forums.moneysavingexpert.com/discussion/comment/81859163#Comment_81859163

I transferred the remnants of my Woodford fund from interactive investor to BestInvest in 2023. I called to check they would accept it before submitting the request. Their position may since have changed but you could try them.

I recall trying a couple of other brokers and being refused at the time.

jmat123

I've compared the charges of 6 providers, based on shares I hold in and outside an ISA, plus funds held within an ISA - factoring in 120 regular DD payments per year and 8 one-off buy/sells. Ignoring fees taken buy fund mangers, the annual charged by each provider is:

HL(from March): £525

AJ Bell: £425

II (from Feb): £202 (assuming AJ Bell charges for monthly Direct Debit fund investments)

Fidelity: £309

Scottish Widows: £40

Is it really correct that Scottish Widows has £nil ongoing charges for any funds or UK shares held in or outside an ISA?

How does regular investing work with Scottish Widows? There's very little information on their website. I can't see what the minimum regular monthly Direct Debit investment is PER FUND. I think the minimum DD payment is £50 - but does that mean the minimum investment per £50 per fund, or can £25 be regularly investment in each fund (like it can with HL)?