Alliance Trust Savings to Interactive Investor
Posted: September 29th, 2019, 8:29 am
Alliance Trust Savings is transferring my investment, ISA and pension accounts to Interactive Investments. I don't know if ii.co.uk is financially secure.
Please confirm that my shares, gilts and unit trusts will be held in a nominee account and secure if ii.co.uk goes into liquidation.
Will cash deposits also be held away from the hands of ii.co.uk?
During transfer of funds into or out of shares, presumably my cash will be at risk of seizure by ii.co.uk.
I don't know why ATS is doing this. If ATS can't make a profit then how will ii.co.uk make a profit as charges will be almost identical?
What is ii.co.uk's reputation? ATS has been very reliable and not especially money-grabbing. Is ii.co.uk a money-grabbing type of company?
Please confirm that my shares, gilts and unit trusts will be held in a nominee account and secure if ii.co.uk goes into liquidation.
Will cash deposits also be held away from the hands of ii.co.uk?
During transfer of funds into or out of shares, presumably my cash will be at risk of seizure by ii.co.uk.
I don't know why ATS is doing this. If ATS can't make a profit then how will ii.co.uk make a profit as charges will be almost identical?
What is ii.co.uk's reputation? ATS has been very reliable and not especially money-grabbing. Is ii.co.uk a money-grabbing type of company?