It is my understanding that invest engine will complete an in species transfer where possible. Indeed my investments with my other ISA are in ETFs offered on InvestEngine. I however have received a confirmation email saying “Your current provider will sell your existing investments and transfer the cash to your InvestEngine portfolio so it can be reinvested”. This is at odds with what I thought would happen and of concern as I do not want my existing investments to be sold and infact this was a main reason as to why I completed an ISA transfer with InvestEngine to get an in species transfer from Trading 212 to invest engine. Will it still be in species?
Further, shortly after completing the isa transfer form I separately added cash to my ISA and sent a buy order which is soon to be processed. Something surprising is that the isa transfer is no longer being presented on the app as taking place. I’d imagine this will be sorted once the buy order is completed but it seems like an oversight that I cannot see the progress of my ISA transfer at the same time as waiting for a buy order to complete and infact beyond the email I received there is no way for me to know if the ISA transfer is still taking place.