Archived article: This article was correct at the time of publishing. Tax, investments and pension rules can change over time so the information below may not be current.

Transferring your investments to Bestinvest: what you need to know

We are often reluctant to switch services, whether it’s changing energy supplier, bank account or investment provider. But when you transfer your investments to us, we make sure that the process is as stress-free as possible.

Lee Dooley Lee Dooley
25 May 2017

It could be that you want to transfer your ISA or pension to Bestinvest, but you are reluctant to take the plunge – even when you know you’ll get a better deal – because you can’t face the upheaval and paperwork. Over the last few years, we have made the process of transferring your investments to us incredibly quick and simple. We can guide you through it – it could be an excellent way to get the best from your investments without investing a penny of new money.

It’s quick to transfer your investments

Electronic transfers have made switching investment providers incredibly fast. With our electronic transfers, transferring ISAs could take just a week and pensions just 15 working days. These faster transfers could mean less time spent out of the market. Some providers still require manual transfers – these can take up to 8 weeks for ISAs or 12 weeks for pensions.

You could get a better deal by transferring

Fees eat away at investment returns over the long term. At Bestinvest, we don’t charge you to open an account or transfer investments and we have tiered annual service fees – no more than 0.4% a year for ISAs and 0.3% a year for SIPPs. It’s also free to buy and sell funds and costs just £7.50 a trade for share dealing.

We even pay up to £500 towards any exit fees your existing providers charge you*.

A dedicated team can look after the process

Here at Bestinvest, we take care of everything for you. Our team will oversee the whole transfer and all you need to do is complete the relevant paperwork. We’ll then work with your existing providers and let you know when everything is complete.

All you need to do is complete an online form and we’ll sort the rest.

A huge range of investments plus free research and ideas

At Bestinvest, you can choose a Ready-made Portfolio if you don’t have the time or knowledge to choose and manage your own investments. You can also build your own portfolio from our range of more than 2,500 investment funds, ETFs, investment trusts and nearly every UK share. We’ll keep you up to date with the latest news and views from our research team and you’ll have access to free guides and tools to help you make the most of your money.

If you have questions about your investments or our services, we’d love to hear from you. Just call us on 020 7189 9999, email or request a call back.

Important information

Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer). Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).

*Exit fees may apply if you leave Bestinvest.