Vanguard ISA Transfer Delays

Has anyone else had long delays with Vanguard ISA Transfer, where they cash out, but do not move the money

This is my current outstanding ISA situation

Vanguard sold and converted to cash 19th May, IE keep asking for it, and when I get in touch with Vanguard they say it is in progress.

I have setup IE AutoInvest 66% in IESU and 34% in VUSA. Because Vanguard seem to be just sitting on the cash and I have now been out of the market for 5 full trading days, I have missed out on £13,800 gains

If there is an issue, I wish they would just tell me, rather then saying it is in progress.

Thank you

30/05 Quick Update, they had now actually told me it could take up to 30 business days, which could mean 30th June. It is bad that they cash it in day one, then not transfer for up to 30 business days.

Yes, I had the same last year when I transferred a Vanguard GIA to Hargreaves Lansdown.

The transfer of my ISA from HL to IE was pretty quick, though.

1 Like

Hi James,
Providers can take up to 30 days to transfer funds.
When you receive confirmation from Vanguard that your transfer has been completed, you should see the funds in your account within a few days.
I hope you have a great long weekend, and please let me know if I can help with anything.

Thank you for the information. Unfortunately Vanguard had come back to me and said it can take up to 30 business days. So with weekends and bank holidays, it might end up been end of June.

Thank you

1 Like