In specie transfer out

I have just noticed that InvestEngine updated the Do you support in-specie transfers? FAQ page here.

And I was pleased to see that it states:

InvestEngine will soon be able to support in-specie transfers for GIA accounts and in-specie transfers out.

That’s fantastic news and probably be a game changer for InvestEngine’s AUM, as it will enable clients to transfer their securities without the fear of being locked-in and being at risk of incurring capital gains or corporation tax to transfer out!