ISA
Pension
Investment Account
Cash, Corporate & Trust and Bonds
Cash, Corporate & Trust and Bonds
Cash Trust, Pension Trustee and Company Account Canada Life Intl. Bond Utmost offshore bonds
OverviewAccount dealing
Here we explain different ways you can transact on behalf of your clients – whether it's investing a lump sum, opting for phased investments, creating a Regular Savings Plan or switching from one investment to another. You’ll also find information on using our model portfolio service here.
Application forms
Anti-money laundering (AML) procedures
Phasing is available across our range of ISAs and Investment Accounts (including Junior ISAs and Joint Investment Accounts). It is a useful way to secure a tax-efficient ISA and/or Junior ISA allowance, for example, without immediately committing the whole amount to an investment. You can also use phasing to achieve an average price for an investment over a number of months, known as pound-cost-averaging.
Frequently asked questions
Phasing allows you to specify how many months you would like an investment to be made over. You can select from 2 to 99 monthly instalments. Phased Cash is then invested into the selected investments in equal payments. In order to ensure 100% is phased into the chosen investments, any money that is not yet invested is held separately from any cash used for fees and charges and other services. We call this holding Phased Cash.
Yes but the interest is paid to cash within the account.
The phased instruction can be amended within 'Quote and Transact'. You can choose to:
- Top up the phased instruction at a later date
- Amend the investment selection
- Amend the number of monthly investments to be made (2 to 99).
We will then provide an indication on screen as to the new approximate monthly amount.
Yes, simply go to 'Regular Instructions’ on the ‘Account view’ page. Any remaining Phased Cash will be moved into cash within the account. This cash is then available to switch or withdraw.
Each account can have only one phased instruction at a time. Instead of setting up a new instruction, you can add new money to the Phased Cash balance using the same lump sum service that you used to create the phasing instruction. Amendments can then be made to the instruction at the same time, as required.
The Adviser Initial Fee on a phased investment is deducted and paid from the original cash lump sum. The remaining cash is then phased over the selected number of months.
No, it is only possible to set up a phased instruction on new investment.