If I was delayed in selling an equity investment because of an admin error by the scheme administrator, and the price of that investment then fell, would I be entitled to any compensation?
I'm actually struggling to complete an ISA transfer. So not quite the same thing, but I'm interested in the general principle of the above question. Thanks.
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Delayed share sale
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- Lemon Quarter
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Re: Delayed share sale
Probably unlikely unless there was some gross negligence. It's probably covered in the terms somewhere on page 657!
I have a current ISA transfer issue ongoing and was hoping to buy some shares rather than sell. They are in a nice price window but the whole process will be restarting it's third attempt which could take upto another 6 weeks.
I can't see me getting them at the current price so will likely be out of pocket by the time it gets sorted.
Occasionally you get a goodwill payment gesture but even £50 doesn't make up if you end up thousands out of pocket.
I have a current ISA transfer issue ongoing and was hoping to buy some shares rather than sell. They are in a nice price window but the whole process will be restarting it's third attempt which could take upto another 6 weeks.
I can't see me getting them at the current price so will likely be out of pocket by the time it gets sorted.
Occasionally you get a goodwill payment gesture but even £50 doesn't make up if you end up thousands out of pocket.
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