What happens when I Bed & ISA/SIPP funds?
When you give us an instruction to Bed & ISA/SIPP funds we will aim to process your instruction on the day of receipt. Once processed, your fund will be sold from your HL Fund and Share Account at the next available valuation point, the proceeds moved into your ISA or SIPP and the repurchase will be made.
Due to the way funds are dealt, in most cases the re-purchase will not be placed until the following working day. As a result, you could be out of the market for a day.
If you request to Bed & ISA/SIPP multiple holdings, with one or more of those holdings being a fund, we may need to place sale instructions on different days. This is because funds are forward priced and the value realised from the sale will not be known straight away.
If dealing volumes are unusually high there may be a delay in processing your Bed & ISA/SIPP. However, the first fund sale will be passed to the fund manager to be dealt at the fund's next valuation point within four working days of receipt.