RE: Quiet on here.........10 Jan 2019 10:24
Good posts Paul, DJ
I admit I was ignoring these posts and was trying to keep out of it but since you have responded I feel I should too.
Noel, you are posting these concerns on several different boards on LSE, probably elsewhere also, hoping to get a reaction. You received at least one reasoned response on another board which should have allayed your fears, now one from Paul also.
I am sure that all major brokers will have similar Ts&Cs, so unless you wish to hold shares in certificated form (for non ISA/SIPP) then you pretty much have to accept them. My personal preference is to use broker(s) who are 'too big to fail'. We know on this board about Beaufort Securities, so you get my point. These days, for good or bad, most pensions are Defined Contribution so that very many people have 6 figure funds held with single brokers. These are not protected by the PPF. Any failure of brokers offering SIPPs, even in the unlikely event that the Government didn't step in, would result in legal challenges to Ts&Cs considered 'unfair'.
As Paul implies, I could step in front of a bus today but it isnt going to stop me going to the lap dancing club....sorry, I meant paper shop.
You seem very risk adverse, and there is nothing wrong with that. But if you are so cautious why do you invest in Shanta Gold, who mine gold in Tanzania? That is a country so totally corrupt that Acacia gold were presented with a tax bill of $190bn (yes billion) overnight, were prevented from exporting their product, and eventually (from memory) had to settle on a random $300m figure while gifting 16% of the company shares to the Tanzanian government?? And you worry about UK brokers?
Anyway, very pleased to have you as a poster, and welcome posts on the following:
AAU
Alcohol
Cars
Football (especially Burnley for our Claret)
Alcohol (we like alcohol)
Nevada gambling
Idiot Trump
But please, no more Ts&Cs stuff