Intelligent Money - your investment questions answered

Intelligent Money - your investment questions answered

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CoopsIM

161 posts

10 months

Tuesday 30th March
quotequote all
dingg said:
Fixed thanks


Back to football manager now
Great news

And of course, it would be rude not too!

2Btoo

2,141 posts

168 months

Tuesday 30th March
quotequote all
stevemcs said:
That's me and the wife now set up with IM, big thanks to Nik for being normal smile
stevemcs said:
That's me and the wife now set up with IM, big thanks to Nik for his help
Make your mind up!

smile

duckson

810 posts

147 months

Wednesday 31st March
quotequote all
CoopsIM said:
Hi people

Regards the feeds, I have told IT and they are running an update. Should be completed in the next 15 minutes which will then ensure you have accurate info.

Always good to hear when there is an issue so we can fix it and keep those pesky gremlins out.

I'n not always on the forum as much as I'd like to be, so a direct email to me helps as I can react quicker to that for you as well smile

Kindest regards

Coops
I’m not sure mine (or the Mrs I should say) are correct.

PHE looks fine and is the total I had recorded (even including before 4th May as I joined just before, first investment was in early April).

OGG seems to be in £ and pence when I’ve only invested in round figures, started same time as PHE.

Both the PHE and OGG investments get added to via a monthly DD.

JulianPH

9,082 posts

79 months

Wednesday 31st March
quotequote all
Morning all

The new figures seem to be working sine we moved custodian, but completely out on anything before this.

With it being the last 2 days of the tax year we are all focusing on ensuring last minute transactions go through wherever possible and the team will pick up on these feeds when we are back next week.

Cheers

Julian

smile


JulianPH

9,082 posts

79 months

Wednesday 31st March
quotequote all
duckson said:
I’m not sure mine (or the Mrs I should say) are correct.

PHE looks fine and is the total I had recorded (even including before 4th May as I joined just before, first investment was in early April).

OGG seems to be in £ and pence when I’ve only invested in round figures, started same time as PHE.

Both the PHE and OGG investments get added to via a monthly DD.
Hi Stuart

Some of mine are not either, IM Index and Phe/PHR are right, but IM Optimum just doesn't make sense.

You will perty much always go into pounds and pence due to overnight futures or currency movements having an impact on the next day's opening price.

The team will be onto this after the Bank Holiday Weeend.

Cheers

Julian

smile


mjb1

2,446 posts

124 months

Wednesday 31st March
quotequote all
I posted on this discussion months ago, but never got round to taking it any further back then. I really need to transfer my SIPP from my current provider (Tilney/BestInvest). What's the process and timescales involved? Do I open up a new account on the IM website and then initiate the the transfer afterwards? Or is the reansfer linked in with the account opening process?

On the second page of the application page, it's asking me for a split of where I want to put the investment. No idea what I'm looking at there. Are the main two PH Equity and Recovery? Any suggestions how to decide on a split?

Who's best to talk to about this - do I just email privatecients@intelligentmoney.com?

JulianPH

9,082 posts

79 months

Wednesday 31st March
quotequote all
mjb1 said:
I posted on this discussion months ago, but never got round to taking it any further back then. I really need to transfer my SIPP from my current provider (Tilney/BestInvest). What's the process and timescales involved? Do I open up a new account on the IM website and then initiate the the transfer afterwards? Or is the reansfer linked in with the account opening process?

On the second page of the application page, it's asking me for a split of where I want to put the investment. No idea what I'm looking at there. Are the main two PH Equity and Recovery? Any suggestions how to decide on a split?

Who's best to talk to about this - do I just email privatecients@intelligentmoney.com?
Hi mjb1

You can do the whole thing on line with us in 5-10 minutes and we pick up everything for you from then (so yes, the transfer is lined to the account opening process).

We have different investment options that suit different investment needs and most people do some mixing and matching.

Have a chat with Nik (nik.burrows@intelligentmoney.com) and he can go over all of these with you until you are comfortable and fully informed.

It should take a week for us to get your transfer through but it can sometime take 4 weks. You woun't be out of the market though until a day or so before the funds come across.

Cheers

Julian

smile


mjb1

2,446 posts

124 months

Wednesday 31st March
quotequote all
JulianPH said:
Hi mjb1

You can do the whole thing on line with us in 5-10 minutes and we pick up everything for you from then (so yes, the transfer is lined to the account opening process).

We have different investment options that suit different investment needs and most people do some mixing and matching.

Have a chat with Nik (nik.burrows@intelligentmoney.com) and he can go over all of these with you until you are comfortable and fully informed.

It should take a week for us to get your transfer through but it can sometime take 4 weks. You woun't be out of the market though until a day or so before the funds come across.

Cheers

Julian

smile
Thanks Julian, I'll email Nik. My current SIPP is looking rather neglected - 2/3 of it is just in cash! I'm intending to pay in a lump sum soon, and it needs to be before end of May. Not sure what my current providers exit fees are, all I can see in their pricing table is £175 account closure fee, does that sound about right?

JulianPH

9,082 posts

79 months

Wednesday 31st March
quotequote all
mjb1 said:
Thanks Julian, I'll email Nik. My current SIPP is looking rather neglected - 2/3 of it is just in cash! I'm intending to pay in a lump sum soon, and it needs to be before end of May. Not sure what my current providers exit fees are, all I can see in their pricing table is £175 account closure fee, does that sound about right?
No problem! This is why we offer a managed option whereby you can fire fire and forget (of course you have unlimited access to Nik taling over things whenever you feel you want to change something - and can make these changes in minutes on line).

£175 sounds about right, quite fair even, for an exit charge.

Just a heads up, but Nik is going to allover the place tomorrow as it is the last working day of the tax year, but will be free next week when things have al calmed down again!

Cheers

Julian

smile


stevemcs

5,518 posts

58 months

Wednesday 31st March
quotequote all
Anyone know if you can send a different amount to the contribution amount requested - example

You set a request to transfer £20,000 in but because the bank won't allow you to transfer £20,000 could you send 2 x £10,000 ?

Mr Pointy

7,959 posts

124 months

Wednesday 31st March
quotequote all
stevemcs said:
Anyone know if you can send a different amount to the contribution amount requested - example

You set a request to transfer £20,000 in but because the bank won't allow you to transfer £20,000 could you send 2 x £10,000 ?
Yes I'm pretty sure it's ok as I had to do it once. It's one of the advantages of the more personal service of IM - if you've done something odd or cocked up they'll sort it out if you drop them an email.

Steve H

4,365 posts

160 months

Wednesday 31st March
quotequote all
^^^^^ yep, I’ve done exactly that and it’s just gone in with no issues.

stevemcs

5,518 posts

58 months

Wednesday 31st March
quotequote all
Thanks, i ended up cancelling the initial one and creating 2 new requests and sending the money that way.

Jockman

17,306 posts

125 months

Wednesday 31st March
quotequote all
mjb1 said:
Thanks Julian, I'll email Nik. My current SIPP is looking rather neglected - 2/3 of it is just in cash! I'm intending to pay in a lump sum soon, and it needs to be before end of May. Not sure what my current providers exit fees are, all I can see in their pricing table is £175 account closure fee, does that sound about right?
Yes it sounds ok. Mine was zero but Suffolk life strung it out so that the annual fees were taken a few days before transfer. Three accounts so it amounted to circa £3,500 of fees but technically no transfer fee. I would obviously not recommend Suffolk Life for future investments !!!

tight fart

1,767 posts

238 months

Thursday 1st April
quotequote all
Pension dashboard question,
Were you going to show crystallised & uncrystallised values at some point, I'm guessing it would
only need to show a percentage of the value?

Simpo Two

75,080 posts

230 months

Thursday 1st April
quotequote all
Jockman said:
Yes it sounds ok. Mine was zero but Suffolk life strung it out so that the annual fees were taken a few days before transfer. Three accounts so it amounted to circa £3,500 of fees but technically no transfer fee. I would obviously not recommend Suffolk Life for future investments !!!
I might consider that amount worth a grumble... unless by the delay you avoided a higher transfer fee. Depends what the small print says I guess.

Chicken dinner

4,088 posts

33 months

Saturday 3rd April
quotequote all
If you switch from one fund to another in a GIA at year end ( capital gains etc),
Is the important date one where the trade was requested or when it settles?

dingg

2,938 posts

184 months

Saturday 3rd April
quotequote all
Chicken dinner said:
If you switch from one fund to another in a GIA at year end ( capital gains etc),
Is the important date one where the trade was requested or when it settles?
Instructions had to be sent before 9am on Wednesday 31st March

Chicken dinner

4,088 posts

33 months

Saturday 3rd April
quotequote all
dingg said:
Chicken dinner said:
If you switch from one fund to another in a GIA at year end ( capital gains etc),
Is the important date one where the trade was requested or when it settles?
Instructions had to be sent before 9am on Wednesday 31st March
Thanks
I thought I’d done it on Tuesday but apparently not.
Lesson learned.

JulianPH

9,082 posts

79 months

Sunday 4th April
quotequote all
Happy Easter Everyone!

We are now heading back to normality after the usual very busy tax year end.

Nik and Coops will be taking up the slack here whilst I get my health back on track, though I will remain working with Will as normal on thte investment side of things, the first being a full evaluation of PHR.

Cheers

Julian

smile


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