Complex Investments - Buys restricted

For anybody that still has an interest in this saga I enquired with Freetrade today if there has been any progress around the restrictions or if it would be resolved for the new tax year and the reply was “we don’t currently have any plans to remove this”.

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That’s very disappointing

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Freetrade lacks competence when it come to picking which investments are complex.
No other brocker I have checked with would put any of the Vietnam investment trusts in the complex sector. One of my investment on freetrade would be in the complex sector on a competent stock brokers. So it appears to be throw a dart attitude to picking what are complex investments.
Hargreaves Lansdowne has a list of complex (so called) investments each one has a questionnaire. You are not using up anyone’s time you pass the questionnaire you can buy you don’t you can’t.
As an aside it includes bonds? I have always considered them to be the least complex investment.

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Can we get an official line from FT on this please?

As suggested above, can you confirm there are no plans to introduce a suitability questionnaire which would allow clients to buy trusts like VOF, IHR, AEWU, BSIF, SHED etc again?

I’d appreciate some clarity as I’m weighing up whether to open a second investment Isa with another provider in April to gain access to a wider range of investments trusts.

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Would be great indeed to have some visibility given the flow of new features added recently, as losing the ability to access Apax or Oakley or any other trusts for that matter which are not necessarily available with other providers was a key selling point to use Freetrade …
PR

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