RE: Moving 20K to an ISA11 Jan 2022 13:18
I did hear this but I don't know if it's right but someone said it might be best to keep your shares intact fully after any announcement of sale/divi, the reason being that the brokers are only covered to cover customers for up to 85k in any losses, for instance, should the broker close business and open up in another name, or go bust, you will only be compensated for a max of 85k I believe, whereas if you hold the shares, you still own the shares, they are yours regardless and you can simply transfer them across to another broker. With all the mayhem that will ensue once we get an announcement, I'm beginning to think it might be best to sit tight on the shares. HL for instance are in the quagmire over Woodford, and face possible legal action, and I'm afraid I don't trust any of these brokers one jot, but these are just my opinions and I am not a financial advisor so best to seek your own financial advice on this.