Alliance Share Discussion Threads

[intuitive] 08/8/2002 08:34

I hold a pep with Comdirect. Chose them rather than Idealing as they have phone dealing as well as internet - both for £12.50. I think you will also benefit from a special offer which pays your transfer costs up to £100.

I also have an ISA with Idealing. Both sites have worked OK for me - however Idealing seeems slightly easier and quicker to use. Both poll mm's and will often get inside the spread.

Good luck.

[nora lenderbee] 08/8/2002 07:57

I hold ATST within self-select ISAs and PEPs managed by execution only brokers comdirect. They charge £25pa for an ISA and £50pa for a PEP (flat rates) plus £12.50 per trade. You can buy/sell online or by phone at real-time prices in the market.

[ramian3] 26/7/2002 18:24

Alliance Trust claim low operating costs for their peps and isas, they are, just so long as you put all your money into Alliance Trust shares and never sell any.If you intend to buy and sell even in a very limited way you can get better service and lower costs just about anywhere else.Their systems appear to have been set up when they were founded in the 19th century.
I also have heard of them employing delaying tactics when you try to transfer to another manager. It seems to be a lot easier to get your money in than it is to get it out. I find idealing much better and cheaper to deal with. No waiting 2 or 3 weeks to find out what price I have sold at,no piles of paper, no cheques in the post and no hassle from employees who think they are doing you a favour buying a share for you 10 days (and sometimes a lot longer) after you post(Royal Mail)instructions to them.
Yes you guessed I'm pleased I transferred out of Alliance Trust.

[mh200] 01/7/2002 18:12

Like parfour I found their charges to be high (£50) for a sale, unless you wait two weeks, when it is still an expensive £25 and the price may have changed markedly, very irritating. I am pleased I changed especially since I have heard of problems getting them to transfer accounts to other managers.

[akr] 25/5/2002 14:07

parfour
Thanks for your contribution, you have just confirmed my thoughts.With similar holdings to yourself I am reluctant to pay a percentage based management charge. The £200 limit does help. With iDeal and Comd the flat rate charge is £30 and £50 resp.the dealing charges are £10 and £12-50.I just don't kmow what the service is like except that it must surely be better than ATS. My on-line sharedealing experience with IMI and stockacademy has been very satisfactory but they don't do PEP's and ISA's.

[ccnp] 24/5/2002 20:05

I can't recommend Pilling & Co either. They are getting antiquated beyond belief and imply they only want people putting money in for the long term who won't bother them for todays value in dealing charges

[parfour] 24/5/2002 18:35

Like you I spent several years with ATS as my Pep Manager but became increasingly irritated by their restrictive and potentially expensive sale /purchase arrangements. I moved to Torrie & Co who were then taken over by Fastrade. I can now buy/sell immediately for a flat fee £14.99, access all my accounts on the Net etc.etc. I have found them reliable - they have an annual management charge of .5% annually - maximum £200 plus vat - as my holdings are well into six figures this is reasonable value.

[akr] 24/5/2002 15:11

After years with ATS as my PEP manager they are being left behind. It seems that operating costs and control over investments would both be improved by moving to iDealing or Comdirect. Can anyone contribute the benefit of their experience?