Hello, thank you for getting in touch. While we are able to process SIPP transfers out in-specie, the functionality for ISA and GIA transfers is still being developed. Please be assured that we will post updates here and in our socials once this has been released
Hi IE team, any update on in-specie transfer out of ISA. Are you fearing mass exodus from your platform if you implement this feature? Very happy with platform till now but delay in implementing in-specie transfer of ISA is not good. It is like feeling of locked in with platform. It is also restricting many of us to transfer big assets in the from of ETF. Please do something.
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Thank you for your feedback and for your continued support of the platform. We understand your concerns regarding the in-specie transfer out feature, and we want to assure you that our team is actively working on its development. While we donât have a specific release date yet, we will keep you updated and share any news here as soon as we have more information. We appreciate your patience as we work to improve the platform, and weâre committed to delivering the best experience for our users.
Morning 
Well⌠the âin-specie transfers outâ has been on the roadmap since at least March 2023 as per Paul Gichemiâs post - so by now 2 years!
I find it appalling that after all this time you still come here saying things like âwe want to assure you that our team is actively working on its developmentâ and âwe donât have a specific release date yetâ and all the other nice and hollow phrases which seem to creep up more and more again in these replies.
As per Paulâs post âin-specie transfers outâ were, already at the time, âset for release in the coming monthsâ. Somehow I donât think that this reads as âmore than 2 years laterâ but I might be mistaken.
If after 2 years of development the team working on it is not able to present workable options and solutions - I donât know but⌠maybe start making changes to the team and recruit people who can?
As you donât advise any actual information regarding timelines and completion dates - do at least your investors know?
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agree.
why wait for in specie transfer and be out of the market for several days maybe weeks?
âtake profitâ and transfer as cash will be much faster.
i am happy with IE and will invest again next isa year but i am starting to de risk.
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I do find it irritating that IE continually make these sorts of promises and time just goes by with no progress. For example, SIPP transfers in have been in progress for around a year and still no progress.
I do wish that IE simply state that âwe will not be announcing any new features until they have been introducedâ.
I appreciate that IE are trying to be helpful in stating their roadmap but with numerous non-delivery customers simply get fed up with waiting and make other arrangements.
I too have a roadmap to transfer-out (using cash) all my accounts but for me I have dates or events when each transfer is going to happen. Currently I am 60% the way through that roadmap.
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I canât help but suspect the reason InvestEngine has been ignoring my question from a while ago (In specie transfer out - #31 by xray) is because all the previous claims were just empty promisesâand not a single line of code has actually been written.
Honestly, it would be better if you just said this feature wonât be supported before 2035, rather than keeping the whole community in limbo with vague communication and an overuse of the word âsoon.â
InvestEngine, can you provide any proof or evidence that anything has actually moved forward?
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Long ago I realised that IEâs promises are just empty promises and are very unlikely to happen any time show.
Generally, only take any announcements as real when you can actually use them now.
Hi! Please be assured that we are working on this feature and once it is introduced, we will post updates here and in our socials
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From all this I gather the strategy here is to have as many locked in as possible, even while running a loss (which IE is atm) and after a certain critical mass, expect a buy out. Many start-ups aim for that and is very profitable to the board/founders. The rest of the talk is mostly palliative in nature which is also absolutely how businesses with such a model operate.
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Morning ,
If you have a looksee on Crowdcube Iâm sure you could find the documents submitted for the crowdfunding raises in 2022 and 2023.
I think youâd be able to find something in there about possible exit strategies for investors.
For me personally, having the option to do an in-specie transfer out is helpful but the most important thing for me is that IE is able to keep their SIPP fee free. So my question to IE is this: Are you able to provide a commitment that you will not introduce platform fees for existing SIPP holders if later down the line, you decide to introduce fees? This commitment would go along way at reassuring us clients.
Hi all! Thank you for the continued interest in the introduction of the in-specie transfers out feature. While we can confirm it still remains in our roadmap to introduce in-specie transfers out, Iâm afraid we still do not have any further news or a precise indication on when to expect them. You can however be assured the team is aware of clientâs interest in it and it will be made available as soon as we are able to.
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The term âsoonâ typically implies a timeframe of less than a year. Otherwise, InvestEngine would have specified a longer period, such as âin a year,â âin two years,â or even âby 2035.â My take is that itâs either never happening or not until 2035.
It meant longer than a year with both pensions and any transfers in.
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This is surely a joke at this point. How hard can it be to
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Sell fractional parts down to cash, so ETF holdings are now whole shares only.
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transfer whole holdings via CREST in thebl traditional way.
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transfer the residual as cash.
The receiving party doesnât need to be made aware any of this is happening prior to transfer. This would be preferably as enough providers get confused and bungle transfers as-is.
Just send a notification or email to us to confirm what will happen when you receive a transfer request.
A junior dev could implement this in weeks.
As others have mentioned this feature being missing has serious tax implications for GIAs and huge costs for being out of volatile markets (like now)
Trading212 have figured this out.
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Itâs a method to discourage people from leaving the platform. A bit short-sighted as, once it becomes common knowledge, it will discourage people from joining the platform butâŚ
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In the highly competitive world of investment platforms, customer trust and security are paramount. Being able to transfer holdings out via In-specie should be considered one of the most basic and essential features offered to clients, particularly when managing their hard-earned money. The ability to have full control over investments, including the option to move assets seamlessly to another provider, is a cornerstone of any well-regarded platform.
I am concerned that this limitation may raise doubts in the minds of potential clients who are considering your services. Flexibility and control are key factors that investors look for, and the inability to transfer holdings in this manner could lead to a perceived lack of transparency or security in your platform.
As a company striving to gain traction in such a competitive space, I believe that prioritizing In-specie transfers would help build trust and demonstrate a commitment to meeting the needs of investors. Offering this functionality would not only improve the user experience but also increase your platformâs attractiveness to a broader audience.
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Just wanted to share my frustrationâitâs honestly unacceptable that Investengine still donât allow in specie transfers. This should be a basic feature by now, yet has been in development since 2023. Forcing people to liquidate assets just to move them creates unnecessary costs, tax implications, and exposes us to market timing risks.
In specie transfers are standard in the industry for a reasonâtheyâre efficient and in the best interest of the clients. Blocking them feels like a way to make things more difficult or to discourage people from moving their money.
Please prioritise this and do the right thing for all of your clients.
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Would like to add to the disappointment here. The lack of in-specie transfers out doesnât fill me with confidence with this platform.
Appreciate there are issues with fractional shares of ETFs, however, the easiest way around that is to liquidate the fractions and then transfer the whole shares and cash to new provider.
The lack of this functionality makes me question whether I want to stick with IE, given itâs been over 2 years since IE promised this feature Iâm now seriously considering just liquidating everything and moving to a platform where this is possible.
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