RE: FIDELITY DOES NOT ALLOW SCRIP!!!!22 Mar 2021 12:05
Follow up message from Hammerson:
It’s difficult for the lowest cost operators, occasionally they are also not holding the shares but operating via derivatives, which complicates matters.
Last time, a number of the larger platforms such as Hargreaves Lansdown ended up selecting it for all clients, but it is a matter of lobbying from all sides.
Effectively, the retail investment industry has been under massive cost pressure so service levels, including those relating to corporate actions, have declined due to massive margin pressure.