Forum Replies Created
11th March 2021 at 1:11 pm in reply to: Hargreaves Lansdown #17245
As you realise, no fees to trade funds.
As I invested more and more in funds in my SIPP the costs went up steeply. I kept my funds in my SIPP and shares in my ISA. In the end I moved the SIPP to another platform but not the ISA. I wonder if HL think that investors get tired o stockpicking and move into funds as a result.
Certainly customer inertia is one reason why HL makes so much profit.
uk.stockbrokers.co/compare is useful6th February 2021 at 12:09 pm in reply to: Hargreaves Lansdown #16784In reply to reply #16519
When I moved my SIPP from HL the move was badly managed and no one on the receiving side took responsibility for resolving problems and pushing the change forward. In the end I found that the issues arose around funds which I had in HL not available on the receiving platform. Even worse the on a few, the Class of unit held in HL not available on the other platform. It would have been easier to sell the problem funds and transfer the cash. If I had done that I reckon it would have been complete in 10 weeks or less.
You can do your own research. See if the receiving platforms offers the same class in each of the funds you want to transfer. If that is all yes then there is little reason for the process to be longer than two months.
I got the impression that the customer support people I dealt with did not understand the issue.
NB all my shares were transferred in a few weeks.
6th February 2021 at 12:00 pm in reply to: Hargreaves Lansdown #16783
I have several family members with SIPPs that I oversee and also ISAs myself included. I have had no problem with HL and always rate their service and the quality of the website. I have few needs last year to contact hem so can’t comment. I did move my SIPP out to the Share Centre/ Curtis Banks some years ago because of the high fundholding charges. HL are good value for shares but not funds. When I started my SIPP it was all shares but gradually migrated to funds.!
The linked accounts feature on HL is very useful!
The transfer of te SIPP did not go well but no fault of HL. I’ll post more info on Curtis banks separately.
Eventually all the family will end up n ii. saving the whole family several 000s per annum.