The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Why don't you guys just add him to your filter (I have). Saves time & effort replying to stupid posts.
The closure of the property funds is an opportunity to reflect on what changes the FCA consultation about a duty of care to the consumer……it goes further than Treating Customers Fairly and a customer centric culture. It may lead to the withdrawal of certain products and more assessments of culture by FCA.
Good customer outcomes should align with good business practices. All Financial services companies need to take heed. Property funds have been known for years to be vulnerable to suspension, arguably they are not fit for purpose and would fail under a duty of care.
What else would fail?
Annuities that don’t repay the initial premium?
Differential pricing between existing and new customers?
Relying on the small print to reject claims if the main literature is commonly understood to indicate wider cover?
Savings that indicate a future investment return that is not delivered?
Savings accounts with minimal interest after an initial period?
Q is the world going to get harder fo Aviva and their kind?
It can be a problem if you get caught up in a fund being closed down, same happened to me with the woodford fund, couple of years later, and its still not completely closed, but this is a different thing, of course nobody knows if it will reach 450 or more this year, still think its a good dividend payer though, like everything else it depends on what price you bought in lgen is my number one favourite, as it paid full dividend through the Pandemic and this second choice, but that's just personal preference
good luck
I'd love to think this stock would reach 4.50 (this year) but where is the evidence that it might? I know how these guys feel:
"Two years to get your money from Aviva’s closed property fund"
https://www.thetimes.co.uk/article/two-years-to-get-your-money-from-avivas-closed-property-fund-7vv5jck2d
nice to see you all getting on well guy lol, why does that knob keep coming back, talking rubbish here, very strange ?
all shares being pushed back at the moment, will be nice to see the next push forward towards 4.50, fingers crossed
Thinking about it Porsche ar5ehole69 would be s more apt name. You seem to talk from it often enough lol
You've never called this right since you popped up a few months back. I'd say you were an ar5ehole but they are useful.
Spell checker did not correct it. I was not the best in class with grammar when at school. I'm sure he/she will understand the suggestion.
Hardup. Couldn't agree more. Although I'm sure it finishes with "off"
"why would you want to invest in crap like Aviva?"
If you are not interested in investing in Aviva do us all a favour and fu&k of!!
Why would you want to reinvest in crap like aviva? Take your dividends out and get it into S&P growth stocks. Which do you think will be worth more in five years, Aviva or Amazon??
It is beginning to look like a blessing that HL won't reinvest divi until next month.
Halifax reinvest by the following lunchtime , after the initial payment, at a reduced cost. They are reducing their dealing costs but others are cheaper.
Learn something new every day :-)
Yes there is, but it's a minimum of £1 for low amounts, when you're reinvesting a small amount a X10 increase in the amount paid makes a lot of difference
I was not aware that there is no dealing charge payable for automatic dividend reinvestment with HL?
Maybe some of us aren't as lucky to have a huge amount of funds, so the £11 dealing charge would be painful. It is shocking HL are going to wait a month no to reinvest, they say between the 10th and 18th but in practice that seems to mean you have to have it before the 10th
Why move from HL. Opt out of the automatic dividend reinvestment, you can then reinvest the dividend yourself the same day you receive the dividend.
move from HL... their delay in reinvesting dividends is a shocker
Assets held by nominees should also be safe, but may take time to recover. A reputable established player should fit the bill here. There was a minor scandal at Beaufort securities when they failed to apply nominee rules and funds were lost into administration. FSCS paid 4.8m.
Further info.
FSCS is The Financial Services compensation Scheme.
Hi,
Just check that any no cost, low cost companies out there are financially protected in the FSCS protection scheme so as any funds up to 85 grand ,i think, you can claim back if they go bust. That is £85,000 per person. You can double that to 170 grand if you split your cash and holdings and open 2nd accound with your partner.The FSCS protection is free with no charges to investors who use companies who are protected by the FCSC scheme. If you use a company not under the FCSC who then goes bust then your cash and shares will simply vanish into the ether forever.
Also all companies do not have the availability of an ISA share account which will generate tax free divis etc as ' hardup' explained in an earlier post ( cheers hardup). Saved taxes on divis adds up quick and easily cover any reasonable account charges with a safe reputable broker.
I use Interactive investor ( was TD waterhouse ). Monthly charge 9 quid. The 9 quid is then credited back to you for use in dealing charges. In effect if you only deal once or twice a month then realistically your account has set charges of zero . Interactive investor has great easy to use platform and access to all uk indices with on board in depth financial and fundamentals info on tap 24/7.
Above all make sure your hard earned is safe . Believe me when I say you will deffo sleep easier when you know your cash is as safe as you can possibly make it.
All the Georgey.
hi Nottub
I have hl and 212 trading , for small trades I find 212 best as no actual costs when buying or selling uk stocks they make money on the spread , what I have done in the past is check the price of a deal on both sites , 212 always come in cheaper despite the spread
Hi Nottub
I use Hargreaves and Barclays. Hargreaves are a tad expensive but their platform is probably up there with the best. Barclays also have a decent platform but their monthly fees are low and dealing is only £6
Forgive my question but I have a few investments in several stock,s including Aviva, which I picked up recently, others I have had for a few months or more.
Because my investments are small (usually only 1k or a little more) I'm hit with high dealing costs with HL each time I trade.
To help I've been looking at some of the low/ no cost dealing companies out there and wondered if you guys have any recommendations?