iWeb

A question about : iWeb

Hey folks, I'm thinking of moving to iWeb due to the favourable fees.

I'm currently with HL, but come the new tax year fees will get quite expensive when I want to take advantage of my new ISA allowance.

My concern with iWeb is that their website looks as though it was made in 2005, and hasn't been updated since. I take it you can easily see your fund values and they are updated daily?

Thanks in advance

Best answers:

• Aren't they a part of the Halifax?
• Will be interested in any replies, as I'm in exactly the same situation.
  I'm wondering whether to just move my funds initially, and leave the shares on HL, since share holdings ( outside an ISA ) are free.
  As far as funds go, I am currently invested in 10 different funds, 2 in an ISA, 8 outwith, so HL would charge me Ј250 to transfer, ie Ј25 per fund.
  So I'm thinking of selling the non-ISA ones ( no cost on HL ), withdrawing the money, then re-buying the funds on iWeb at Ј5 per go. Will obviously gain/lose on fund price moves over the 1 or 2 days that this takes, but don't fancy paying HL Ј200. 8 buys will cost Ј40, so saving Ј160 !!
  Will switch 1 of the 2 ISA funds into the other on HL for free, then pay the Ј25 to transfer the ISA, then switch back on iWeb at Ј5 sell, Ј5 buy, ie saving Ј15
  Any views on whether this is the best approach ?
• I had very brief dealings with iWeb, until I realised they did not support monthly investing. In that time they make a number of mistakes - they didn't close my account when I instructed them too, they sent me three copies of the same (irrelevant) letter, and they credited back my Ј50 twice. (I really shouldn't have let them know about the last one!)
  I wasn't impressed. If you want to leave a portfolio static for the next x years and never look at it then I guess the reduced cost is worth it.
  I am now very happily with CSD.
• I use them and haven't had a problem with them - the site is a bit basic and I'd imagine that it might lack some of the more advanced functionality that other providers might have (but I've never been with any other platform so don't know this for sure).
  Yes, you can easily view your fund values and it updates daily (although the time of day it updates does appear to vary some days?)
• I have been with them for about 6-8 months. OK so far.
  Easily see funds - yes
  Updated each day - yes
  Not the easiest site to use, e.g. do research elsewhere.
  Fast response from on-line chat, phone and email.
  If you do not need hand-holding, recommended. I am moving my SIPP there as well.
  C
• I would possibly suggest opening an account (Ј25) and buying a fund (Ј5) to try iWeb out and see if the presentation and communications are to your taste.
  Then transfer if you are happy!
  C
• It is basic, but so far I'm happy with the service I get for the price I pay.
  For VFM they are hard to beat, if you buy in bulk/trade infrequently.
  There has been mention that their service goes to pot at extreme volume occasions, and you may be left not making a trade, ie when half the planet is selling.
  They do not provide a bed'n'isa service.
• Hi
  Quote:
• I'm with iWeb and they are part of Halifax. It's a basic platform but does the job for Ј5 a trade.
  I use it as well as Interactive Investor to spread my cash.
• I have a SIPP with iWeb.
  Website is very basic but as I don't trade the account that doesn't bother me.
  I must admit I wasn't impressed that when transferring in they kept referring to my SIPP as an ISA! But it all worked ok in the end.
• I was with H-L for about 4 years but left recently for reasons other than price. I joined Iweb in Dec 2014 and I am absolutely very happy with the platform. It is basic as others have said but as for me I do my research on other web sites. I have made, since I joined, about 40 transactions and have had no problems whatsoever. I would definitely recommend them. The only problem or downside I have encountered is the fact that they do not allow joint accounts. Overcame this by having DH open an account and linking them so I can do the operating