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Post by Ton ⓉⓞⓃ on Dec 7, 2015 23:33:54 GMT
ablrateandy I'm looking into IFISA's (so there's no hurry), am I right in thinking that ablrate is not expecting to offer these, but I see that investup work with you, so is it possible I could do it that way? I notice that there is also a ptablrate can I ask what clientele this is aimed at? Thanks
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Post by ablrateandy on Dec 7, 2015 23:53:09 GMT
Hello At the moment, we are not expecting to offer our own ISA. There's a few reasons for this, some logistical, some looking at the realities of what people would like (and a sole Ablrate ISA is probably not it) etc. I don't want to put words into domUP 's mouth, but I think that if they did definitely go ahead with a multi-platform offering then I can see no reason at all why we wouldn't think that it is a great idea and be very happy to support it. ptablrate.com is one of the Directors' personal sites and is not part of the brand, company, offering etc.
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Post by domUP on Dec 8, 2015 21:19:36 GMT
Feel free to put such kind words in my mouth ablrateandy - we're all (sites we know) working through ISA guidance out there. Nothing is fixed as it's still a moving target, but we're focused on ensuring as many people as possible have access to this great change for the industry. Hopefully once the final details emerge we can give you more details on it all!
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Post by Ton ⓉⓞⓃ on Dec 8, 2015 21:42:25 GMT
Feel free to put such kind words in my mouth ablrateandy - we're all (sites we know) working through ISA guidance out there. Nothing is fixed as it's still a moving target, but we're focused on ensuring as many people as possible have access to this great change for the industry. Hopefully once the final details emerge we can give you more details on it all! Can I ask if there are any sites that are "collective Investment schemes" and at present will be out side of the expected IFISA rules?
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Post by domUP on Dec 9, 2015 7:49:39 GMT
Not to my knowledge Ton ⓉⓞⓃ - but then again we've never looked into it with any depth. What's the word on the street?
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james
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Post by james on Jan 2, 2016 11:32:43 GMT
At the moment, we are not expecting to offer our own ISA. There's a few reasons for this, some logistical, some looking at the realities of what people would like (and a sole Ablrate ISA is probably not it) etc. I don't want to put words into domUP 's mouth Avoiding domUP's planned charges would be one reason not to want to use them and to prefer a platform-specific site. People complain a lot about Hargreave Lansdown's 0.45% platform charge, pointing out that it's one of the highest around, and domUP are planning to charge even more than that. I've got the odd hundred thousand or so of past year ISA money to put in various places when I can and I doubt I'm alone. While there are things to like about domUP, paying them £500 a year for a tax wrapper isn't going to be one of them. Current year money with the single place restriction, if that is carried forward to the new ISA, would be an issue but the amounts involved in one year's subscription are probably low enough to be something that people can deal with, or pay domUP since their planned charges aren't too bad at that sort of level. Can I ask if there are any sites that are "collective Investment schemes" and at present will be out side of the expected IFISA rules? While being a collective investment scheme is one way to be ineligible, another way is simply not to be one of the eligible types of investment and some platforms definitely don't qualify under any rule version that's been published so far. The three required parts in one aspect being a borrower directly contracted with a lender and introduced by a platform. But I also think from press comment that this is in flux and could easily change by the time the final rules come out, potentially bringing in platforms that wouldn't meet previous rule requirements.
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