OMGI transfers ISA clients to Hargreaves Lansdown

Services withdrawn from 27 February 2018

Victoria McKeever
clock • 2 min read

Old Mutual Global Investors (OMGI) has closed its ISA administration business and suggested investors transfer their holdings to Hargreaves Lansdown.

Investors have been offered the option free of exit charges. OMGI made the decision on the back of technological innovations, concluding that its current ISA and investment account services no longer met the expectations of its investors. Online access to investment, for example, is not available via the existing OMGI service. OMGI will withdraw its administration service for ISAs on 27 February next year and intends to carry out a bulk transfer of its ISA customers to Hargreaves Lansdown starting on 24 February. It is also offering investors the option to move investment accounts ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Time and patience: Will the British ISA revitalise UK equities?

Time and patience: Will the British ISA revitalise UK equities?

'The UK stock market currently navigates choppy waters'

Priscilla Chueng
clock 28 March 2024 • 3 min read
Half of UK adults would consider opening a Great British ISA

Half of UK adults would consider opening a Great British ISA

Current ISA savers most likely to take advantage of the new product

Isabel Baxter
clock 15 March 2024 • 2 min read
Advisers positive that Great British ISA will boost savings

Advisers positive that Great British ISA will boost savings

Almost two thirds say they think it will lead to an increase

Isabel Baxter
clock 11 March 2024 • 1 min read