Member Info for Spottie

This placing took place just after the 90 days "closed" period ended following the original share sale in June. The placing was also oversubscribed. There is now another closed period of 90 days before Lloyds can offload any further TSB shares

Thanks for sharing that. As you say, very interesting.

We're there!

You're very welcome. I find the AGMs interesting - a chance to touch base with other PIs as well as the institutional fund managers who hold JRS. Plus a nice glass of wine and some nibbles too! One good point in my view of the JP Morgan 'wealth manager+" online account is that when they collect your monthly direct debit on, say, the 1st of the month then they buy the shares for your account on the same day. Over the years I've seen that some other big investment companies tend to hold on to your money for a few days before buying the shares. My "spottie" handle is a reference to a favourite creature from the African bush - I used to work in Africa a very long time ago, and I had an interesting encounter one evening with a spotted hyaena!

Might be much cheaper to set up your proposed monthly direct debit savings with JP Morgan, the JRS managers, rather than with Hargreaves Lansdown. HL will charge you a £1.50 dealing commission plus stamp duty for thge small number of Investment Trusts on their so-called "eligible" list. At the time of writing, JRS is not on this HL favourites list so you might well be hit with their higher dealing fee! Plus HL will also hit you with an ad valorem account management fee! JP Morgan's very own "WealthManger+" account, on the other hand, will only charge you stamp duty (unlike HL) if you buy JRS through their regular savings plan. There is no account management fee (unlike HL). The fee to sell is a flat £10. I wouldn't touch HL. I currently buy both JPB and JRS through a monthly direct debit with JP Morgan "WealthManager+" and have no complaints. I even get invites to the AGMs of both investment trusts. But the choice is yours.

I also use X-O and have had no problems. No annual fees or inactivity charges and, as already indicated, it's £5.95 per trade. Customer service is fine - queries answered promptly and funds transferred in/out with no bother.

Yes, M., your supposition is incorrect. I can only speak for my own first hand experience so here goes. You can indeed open up an S&S ISA with one provider and then move to a different S&S ISA provider within the same tax year. I did this during the last tax year when I moved a new S&S ISA from Alliance Trust Savings opened in April 2013 to a brand new S&S ISA account with Halifax Share Dealing (HSDL) in January 2014 . HSDL were very helpful in arranging this. I transferred my S&S ISAs because ATS had increased their S&S ISA annual management fee considerably (87.5% in just 18 months) and they had also removed the very share dealing discount for having ATST in the ISA holdings. It was an in specie transfer and the transfer cost nothing. I did however have to pay the annual management fee to Halifax Share Dealing for that same tax year but it is only £12.50 and worth it as Halifax have regular "flash sale" windows when they drop their dealing fee to £3.95. As I say, I found the process of switching to be very simple through my own direct experience of the process. ATB.

Well, I use X-O and have had no problems whatsoever to date in share dealing. For what it's worth, in the past I've used Alliance Trust Savings and Hargreaves Lansdown. Following the RDR fee changes, I now have my SIPP with Bestinvest and my self-select stocks & shares ISA with Halifax Share Dealing Ltd. as these suit my needs. I would be wary of trusting review sites, such as reviewcentre or Tripadvisor and the like as it's all too easy to rubbish or ramp providers. I trust my own experience and my own judgement. If you don't happen to find that a provider meets your needs then move to another. Simples.

I used X-O.co.uk which is part of Jarvis Stockbrokers to buy my TSB shares. No inactivity fees or annual charges, operated on-line and only £5.95 per trade. I trade frequently on both the main market and AIM and they seem to suit my needs as I all need is a plain vanilla platform with no whistles & bells.

A very encouraging RNS this morning. Should be an interesting day.

Or even his own soul.

Why are you "testing" on this board. Please post your rubbish somewhere else.