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Halifax / IWeb questions
Alan Selwood
Posted: 29 November 2017 23:39:37(UTC)
#22

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We have Halifax Share Dealing and iWeb, and apart from the cheaper dealing fee for iWeb, there's little to choose between them. Websites pretty similar apart from the difference in colour.

No problems encountered over the last few years.
3 users thanked Alan Selwood for this post.
Mr Helpful on 30/11/2017(UTC), RBLEZ on 19/01/2018(UTC), huudi on 22/01/2018(UTC)
RBLEZ
Posted: 19 January 2018 14:05:37(UTC)
#23

Joined: 01/11/2016(UTC)
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Considering moving from Bestinvest to IWEB.
Not unhappy with Bestinvest. Was grandfathered in on a lower than standard rate but as portfolio grows then so do fees and now becoming expensive.
Has anyone any experience of problems switching to or from these platforms?
I read on the forums the difficulties and worries people have experienced when switching and wonder who would be responsible for any losses incurred.
colin overton
Posted: 19 January 2018 17:56:11(UTC)
#24

Joined: 26/04/2008(UTC)
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I'm always interested in platform discussions. I'm seemingly that rare, long term, content HL customer. I have a mixed portfolio of UTs/Shares and ITs in an ISA. I'm interested to hear of people "saving hundreds of pounds" by moving from HL to other suppliers. I always use these threads to check what I'm actually paying. On a portfolio of more than £200k I paid just over £200 in a running year for platform fees and with all unbundled UTs (so lowest cost - I checked this as well) got just less than £100 cash in bonuses. I do not track any "extra units" savings or initial costs savings and assume these are minimal, all my UTs either had no initial costs or these were waived by HL - I guess this is normal everywhere?
I also pay the £11.95 per trade for shares (and ITs), so tend to buy/sell in £4,000-£5,000 lumps. I can sell (and buy) UTs for free in small amounts. I of course have to pay any "spread" cost for investments, but again these are generally very small to zero. I find HL's service to forward buy and sell shares at prices lower and higher respectively than current useful I use the forward higher prices as my targets and have recently started ignoring my own spreadsheet, but do collect on-going CGT info, as this isn't tracked, I believe. However I cut and past the sell line off the HL website direct into my own spreadsheet, finding this little work.
HL seems to be a goodish supplier (at least for me) and unlikely to fail due to being large and profitable, but I guess so was Carillion, at least in theory! I see such low costs quoted in CityWire threads on platform costs I wonder how some platforms keep going or why they bother?
I note someone uses Cofunds together with a further supplier. I used to additionally use Chelsea/Cofunds. They were overall more expensive than HL and slower on admin/poorer on research, so I closed my account.

8 users thanked colin overton for this post.
Chris Howland on 19/01/2018(UTC), Mickey on 19/01/2018(UTC), Luca Brasi on 19/01/2018(UTC), David BB on 19/01/2018(UTC), RBLEZ on 19/01/2018(UTC), Guest on 19/01/2018(UTC), Jim S on 22/01/2018(UTC), Guest on 25/01/2018(UTC)
Joe 90
Posted: 19 January 2018 19:14:23(UTC)
#25

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I am in the process of moving my ISA from Charles Stanley to iWeb because the latter is a good deal cheaper. The CS website is not great either. I find it confusing (might just be me). So far so good.
1 user thanked Joe 90 for this post.
RBLEZ on 19/01/2018(UTC)
huudi
Posted: 22 January 2018 10:51:50(UTC)
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Joined: 11/06/2010(UTC)
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Colin Deakins;38673 wrote:
Slightly off topic but i am moving OEICS from Bestinvest to Charles Stanley with a platform fee of 0.25% compared to 0.4% with Bestinvest who don't do daily updates of my fund portfolio. That said share dealing fees are cheaper with B I.

Comments welcome on my choice of platform


I have a Charles Stanley account which I intend to close ASAP. They find any excuse not to deal in equity, whether it be Blue chips such as Shell or Aim the deal rarely goes through. Excuses such as "market conditions" or "matched bargains" are given, I sometimes leave a limit order but as they only hold these for the current day, they are rarely met. I now find that my account shows regular high charges, presumably for inactivity which is their fault not mine. They would prefer all to use OEICS but for shares its a no.
2 users thanked huudi for this post.
RBLEZ on 22/01/2018(UTC), Mickey on 22/01/2018(UTC)
Blue S
Posted: 22 January 2018 12:13:00(UTC)
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I have been with Halifax for about 6 months having transferred from Barclays to avoid the increase in charges and very fortuitously avoided all the Smart Investor problems.
Halifax have been fine with no problems. They were also very helpful with the transfer were one holding had to be converted. A pound based iShare ETF had to be converted to the equivalent dollar based ETF as this was the only version they allowed. This was done free of charge.
1 user thanked Blue S for this post.
RBLEZ on 23/01/2018(UTC)
Anthony Allaway
Posted: 22 January 2018 15:52:46(UTC)
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Joined: 18/04/2016(UTC)
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I have been with Iweb for some years and I have absolutely no complaints. It's not a whiz-bang platform, quite rudimentary, but you can get the job done easily for shares, inv trusts and ETFs.

It should be noted that their entry fee has now been cut back to £25. With that you get £5 flat fee per trade and, the icing on the cake, no charge for holding an isa. No-brainer for me.
3 users thanked Anthony Allaway for this post.
william barnes on 22/01/2018(UTC), RBLEZ on 23/01/2018(UTC), huudi on 23/01/2018(UTC)
william barnes
Posted: 22 January 2018 17:06:45(UTC)
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As I said in the past ... I have been with iWeb for many years and completely agree with Ant Allaway who is spot on.
1 user thanked william barnes for this post.
RBLEZ on 23/01/2018(UTC)
Alex Peard
Posted: 22 January 2018 19:28:46(UTC)
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I agree with the previous two posts. I still have an ISA with HL, although do not add to it but use for research and trade with IWEB.
3 users thanked Alex Peard for this post.
william barnes on 22/01/2018(UTC), RBLEZ on 23/01/2018(UTC), huudi on 23/01/2018(UTC)
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