New HL fee structure from 01/03/26

masonic

https://forums.moneysavingexpert.com/discussion/comment/81932336#Comment_81932336

I specified a total price. All was good until two working days later. I don't think there is a way oi specifying a number of units using the online system. They agreed to sell the excess units free of charge, but it was disappointing,

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/81932342#Comment_81932342

It is five years since I had an account with AJ Bell, and longer since I traded index linked gilts with them. IIRC the online system was updated shortly after the trade. Did that not value the stock bought at the dirty price? I would have thought that the problem would show very quickly.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81932355#Comment_81932355

Both occasions were top-ups of an existing holding, so it wasn't immediately obvious from the online system. The difference was around 4-5%, diluted by the existing holding and masked by its small capital loss. However it was quite a good price that was achieved on the contract note! The second time I was wise to it and did spot something was amiss before they did.

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/81932548#Comment_81932548

Do you get good prices for small index linked gilt trades? I have always shied away from buying less than £40K at a time.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81932680#Comment_81932680

Yes, I've made a few purchases around the £10k level and these have been just as good as larger orders. Overall I've been pleasantly surprised by the pricing in the trades that I have done, both at AJ Bell and iWeb/SWSD.

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/81932726#Comment_81932726

That is good to hear. I have been accumulating up my holdings from maturing term accounts. Some of those are nearing £200K. There are not many trades at that level on the LSE, but trades of that size are peanuts on the main market. I have yet to see what happens when I roll over holdings of that size. I expect that the retail market makers can easily offset large trades on the main market.

aroominyork

I'm not sure if this has been mentioned in this long thread, but the only way HL has influenced me recently is that its meltdown last week cautioned me not to leave my Bed&ISA until the last minute. I was planning to sell a global index fund in GIA on 1 or 2 April (CGT reasons for doing it this FY) and re-buy it in ISA on 7 or 8 April. Although I am with Interactive Investor, a similar platform glitch could mess up my timings so I am getting things moving this week.

RL11

Glad I transferred to 212. Much harder to see how much I'm losing every day compared to the detailed analysis I got with HL ☹️

aroominyork

https://forums.moneysavingexpert.com/discussion/comment/81933774#Comment_81933774

Not only is ignorance bliss, but it will probably make you richer in the long term.

ivormonee

Perhaps less detailed reporting with T212 cf. HL, but with platform & trading fees at zero, and better interest on cash, lower fx, it's difficult to see what's not to like. HL to T212 seems a total no-brainer, unless I've missed something.