Share
Plenty of providers offer stocks and shares Individual Savings Accounts (ISAs). So why pick Royal London's Stocks and Shares ISA, especially if you already have one elsewhere? Here’s five reasons to consider transferring your ISA to us.
Remember, money you put in any stocks and shares ISA is invested, so its value can fall as well as rise. You may get back less than you paid in.
1. We take the hard work out of transferring
When you apply for our Stocks and Shares ISA, just let us know if you already have an ISA you want to transfer. Give us the details and we’ll do the rest.
- Transfer handled from beginning to end - We’ll cover all the admin that comes with the transfer. If you want, we can even tell your current provider you’d like to close your account once your transfer arrives with us.
- You’re in control - Tell us during your application if you want to transfer everything in your existing ISA or just some of it.
- No transfer fee - No matter how much you transfer, do it knowing that we’ll never charge you for it.
- Apply online - If you currently have a pension with us (taken out since 2004 or with Scottish Life), you can open a Royal London Stocks and Shares ISA straight away using our online application.
- Communication covered - If we need more information and you're registered for our mobile app, we'll contact you there. If you don't use our mobile app, we'll get in touch by post.
- Transfer multiple types of ISA - As well as a stocks and shares ISA, you can also transfer cash ISAs and the cash portion of innovative finance ISAs too.
2. Ready-made investment portfolios
Not everyone is an expert investor. Fortunately, with Royal London you don’t have to be.
Of course, anyone experienced in investing is welcome to pick their own investments. We offer both funds managed by Royal London Asset Management and by various external providers as part of our full rund range.
But if you'd like a bit more structure and support, the ready-made Governed Portfolios might be for you.
Our Governed Portfolios: ready-made investment options
Picking and managing your own investments tends to be a fairly hands-on experience. Not everyone wants to do this or has the time. Our ready-made investment options in the form of our Governed Portfolios can help.
Our in-house experts designed each Governed Portfolio to include a diversified range of investments. All you need to do is choose the portfolio which most closely matches the level of investment risk you’re comfortable taking. We’ll do the rest.
Risk profiler
Unsure how much risk you’d prefer to take when investing? Try our risk profiler tool first. This can help you find out what type of investor you are.
3. ProfitShare
When we do well, our customers do well too.
As we're customer owned, we don’t have shareholders and we aim to give a share of our profits back to our customers. We call this ProfitShare.
Although there’s no guarantee we can award ProfitShare each year, when we do it boosts customers’ eligible pensions and Stocks and Shares ISAs. It’s one of the ways we express our mutuality.
4. One clear and competitive charge
Some stocks and shares ISA providers have more than one charge. This means you must add up various percentage charges from different places to figure out what you’ll pay on your investments.
At Royal London, we combine all our costs into one clear and competitive charge, so you won't encounter unexpected costs when you invest with us.
5. No charges for account administration
As well as our clear and competitive annual management charge, we also never charge for basic account administration.
That means we’ll never charge you to:
- Set up your ISA
- Transfer an ISA to us
- Change your investments
- Withdraw money from or close your ISA.