REINVESTMENT26 Oct 2011 13:58
Hmm...did that once with TDW.....sure it was Aviva.....but TDW dont get shares directly from source....they buy on open market whereby stamp duty gets paid, albeit reduced commission charge of £1.50.....and the bugger of it is...this year Av. scrip price was determined at 290....but by the time TDW gets cash divvy paid, then buy on your behalf...SP can have risen a fair bit and you lose a fair bit of value on your divvy cash. Av currently 3.45 ish....so you'd be paying 55p a share more than the DRIP/SCRIP value....(phew...that was long winded !)