I think she said they wanted to ring me because it was the first one theyād had to Freetrade, which kind of makes sense. Apparently thereās quite a lot of pension scams out there so theyāre always on high alert.
Any comment from FT on why some ETFs and ITās are not possible to buy within a SIPP but are in GIA and ISA? What is the reasoning behind this? Thanks
HL have finally transferred my SIPP to Freetrade.
Waiting for the funds to appear on the app sometime soonā¦
Nice one weenie. At last hopefully a couple days.
Funds are in, so not even a day!
So from start to finish: 41 days
Initiated transfer with Freetrade - 15th Jan
SIPP funds received from HL - 25th Feb
Brilliant news happy investing
41 days! Insane.
Congrats, finally. I think my transfer will be similar.
Iām excited for the future, one day these will take minutes, because thatās what the people want, right?
So much legacy technology and processes slowing us all down.
We can do better.
Ok, weāre in!
SIPP Provider: Fidelity (38 days lead time)
- 19th Jan: Initiated with Freetrade
- 26th Feb: Money in Freetrade account
Iām not as mad as I was at the lead time because some of the things I wanted to buy are now on saleā¦
Same here, good to be buying just as thereās a little dip in the market!
Or the start of a protracted fall
Congratulations on the transfer mostly completing. I noticed today in the HL Android App that the instruments flagged for transfer from my HL ISA to my Freetrade ISA now have a āfootnoteā number ā13ā indicating they are in the process of being transferred so cannot be sold. One month since original request lodged and something appears to be happening. Ohā¦anf HL will be taking another monthly payment soonā¦which would have been avoided had they completed this in, say, three weeksā¦just saying.
Indeed. I understand one of the large Global Real Estate companies is working on the basis that in a few years people will be buying and selling buildings in a similar fashion to how shares trade today. If they are contemplating a faster moving market for something as complicated as an entire office block/factory it shows the current timescale to transfer shares in poor light (considering the due diligence for ātradingā a building.
Called L&G yesterday to find out the status of the transfer process initiated on 19 January.
Turns out they tried to transfer the funds on the 26 January but hit internal hurdles. Apparently Freetrade is new in their system and this may have caused some hurdles. I believe someone reported similar issues with other providers.
What strikes me is they didnāt contact me about the process. Iāve been waiting patiently because I understand these things take time, but I now realize I should have made that call one week after the beginning of the process, rather than patiently waiting till yesterday, because otherwise it could take forever to get sorted.
Anyway, I was given a of 1 to 2 weeks for the lady who received my call to come back to me. I have only good things to say about that lady taking my query, regardless of what Iām not happy about L&G handling of the process.
Fingers crossed
Wow
Got an email from L&G this morning saying the money went out to Freetrade today via BACS and it should be there within 3 to 5 days.
Brilliant.
I really shouldāve called earlier.