Transfer from HL to II

SouthCoastBoy

I am going to initiate my transfer this weekend I have been reading the information about transfers on both of their websites. However I have a couple of questions that I could not see answered in their FAQs. I will be doing an in specie transfer

• If I hold a OEIC with a different share class to that is available in II, do I need to move the investment (HL and II both have the OEIC but different share classes) to something else?
• The stated length of time for an in specie transfer is 8 to 12 weeks, how long during this timespan will I not be able to view my investments in the h&l app?
• Once I press the transfer button with ii, are my investment choices then frozen in h&l?

Thanks

NormalNorman

This may be of interest. We did the same last year. Cashback was paid on the 5th Dec 2025. Just ETFs though. Quick process. Cheers

NormalNorman

Just to add with wife's transfer HL 'forgot' to send across tax relief on lump sums. When contacted the funds were sent immediately so all good. Just something to keep an eye out for.

SouthCoastBoy

lump sums into the pension?

I'm actually planning to make an 8k contribution before the end of the tax year, but planning to do that in ii once the Sipp has been opened

NormalNorman

Yeah, just because of the delay from paying in a lump sum and tax relief claimed by HL the pension transfer had completed. In hindsight she should have waited and paid into ii. Cheers

Xenon

I am in the middle of a in-specie HL to ii SIPP transfer.

I have several HL OEIC funds (small size SIPP) which are not available in the same share class in ii.

So i will be changing to the relevant share class provided by ii (they gave me that choice or sell the funds and do a cash transfer).

It has been 4 weeks with some time wasted repeating email instructions (i was pretty clear what i wanted but they wanted it a little clearer - which is fair enough-better that than make a mistake…but still a little frustrating).

During the transfer i can still see my HL funds (although i use the website not the app) and they are not frozen as far as i can see.

I would download any documents from HL before the transfer completes just to be safe if needed.

But they have kept me up to date and it is a minor inconvenience and nearly finished (hopefully !)

SouthCoastBoy

Thks, when you say you will be changing to the relevant share class provided by ii. Willii do that for you on transfer, or do you need to sell your share class in hl before transfer?

masonic

https://forums.moneysavingexpert.com/discussion/comment/81939166#Comment_81939166

The FCA has imposed some fairly strict rules on transfers in recent years, meaning providers are expected to take care of all of this for you. II should do it behind the scenes and there will be a (longer) delay between relevant assets disappearing from HL and reappearing in the correct share class at II.

It is not usually possible to convert yourself, because HL would need to offer both share classes for you to be able to get the right one before transfer, which is uncommon where one provider offers a "special" (usually discounted) class - it doesn't make sense to also offer the other class and risk customers buying it by accident and complaining.

Xenon

https://forums.moneysavingexpert.com/discussion/comment/81939166#Comment_81939166

HL & ii are doing all the work - not sure how it works or what the exact procedure is but i think HL deal with the fund manager to change the share class then it is transferred.

I might be completely wrong on that but the point is they do all the work for you.

WitsEnd101

I have just initiated the transfer of the remnants of my HL SIPP and ISA to ii. I will therefore be watching this thread with a bit more interest, especially on the ease and speed of transfer.

I say the remnants of my HL SIPP and ISA as I transferred the bulk of my investments several years ago to ii as a cash transfer and felt I lost quite a bit of money by doing it in cash rather than in specie. At the time I could not transfer the small proportion left in my SIPP and ISA that was locked as a result of the Woodford failure. As its only small beer I don't care too much about the mode of transfer.

SouthCoastBoy

I always feel a cash transfer is in the lap of the gods, could make money or could lose money. With the current volatility I thought it was best to do an inspecie transfer. Not actually pressed the button yet, but will do this weekend