Money, investing, mutuals etc
-
Sarah
- Posts: 5863
- Joined: Sat Jun 26 2010 10:01am
- Has thanked: 432 times
- Been thanked: 4441 times
-
Contact:
Post
by Sarah » Tue Jul 13 2021 11:21am
Only just found out about this upon receiving their final notice, as I don't often read their correspondence...
Legal & General are closing their personal investing business in the second half of 2021. They're making arrangements to transfer portfolios to Fidelity.
Customers have a choice to go ahead with the transfer to Fidelity, sell investments and withdraw as cash, or nominate another provider.
More details here:
https://www.legalandgeneral.com/investm ... announces/
-
planteria
- Posts: 6376
- Joined: Tue Nov 23 2010 4:52pm
- Location: England
- Has thanked: 708 times
- Been thanked: 1674 times
-
Contact:
Post
by planteria » Tue Jul 13 2021 6:43pm
i don't have anything with them, but i hadn't heard that mentioned..
seems a shame to lose the management of a load of investments from the UK to the US.
what shall you do?
-
kevinchess1
- Posts: 23770
- Joined: Mon Jun 28 2010 11:02pm
- Location: Miles away from the sea
- Has thanked: 12599 times
- Been thanked: 17167 times
-
Contact:
Post
by kevinchess1 » Tue Jul 13 2021 10:33pm
I do
Might wait until Topcoat or Quiditchco have one of their ISA offers on
Politically incorrect since 69
-
Sarah
- Posts: 5863
- Joined: Sat Jun 26 2010 10:01am
- Has thanked: 432 times
- Been thanked: 4441 times
-
Contact:
Post
by Sarah » Tue Jul 13 2021 11:31pm
My letter today requires a response by 23 July. Having now looked briefly at the previous one, that required a response by 15 June. I don't know what, if anything, changed in the meantime.
I'll most likely give consent for transfer of my L&G investments to Fidelity. It would be convenient and perhaps also reduce service fees if they could deliver them into existing my Fidelity account, which is a possibility mentioned briefly in the information booklet (section C1.12) although it says very little about how that'll be accomplished.
-
Sarah
- Posts: 5863
- Joined: Sat Jun 26 2010 10:01am
- Has thanked: 432 times
- Been thanked: 4441 times
-
Contact:
Post
by Sarah » Thu Oct 07 2021 9:43am
I never got around to signing and returning the consent form, however it hasn't made any difference as L&G wrote to me again recently saying they were transferring my investments anyway. Yesterday, I heard from Fidelity that they had now done so.
Thankfully, they'd identified my existing account and transferred into that, without any input from me, so I don't need to put up with two separate profiles or try to get them merged.
-
blythburgh
- Posts: 17756
- Joined: Tue Jun 29 2010 7:14pm
- Location: The Far East
- Has thanked: 35041 times
- Been thanked: 6110 times
-
Contact:
Post
by blythburgh » Thu Oct 07 2021 11:28am
Sarah wrote: ↑Thu Oct 07 2021 9:43am
I never got around to signing and returning the consent form, however it hasn't made any difference as L&G wrote to me again recently saying they were transferring my investments anyway. Yesterday, I heard from Fidelity that they had now done so.
Thankfully, they'd identified my existing account and transferred into that, without any input from me, so I don't need to put up with two separate profiles or try to get them merged.
Nice to hear sometimes companies get things right first time
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
Users browsing this forum: No registered users and 32 guests