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Transfer shares from employers SIP to IG share dealing account


PaulSSE

Question

Hi there,

I'm looking to transfer some shares from an Equateplus account to my IG share dealing account. Upon initiating the request, because the shares were obtained via my employers SIP, it says to ask my provider to initiate the transfer.

They require some information and upon doing a search, I found a very similar question where for some of the answers given were to use my account number for the SWIFT number as well as something else. This is not accepted as it can't be validated by the Equateplus website.

The information they ask for is as follows.

Account number. Is this the same as the Account ID?

Broker Email Address, I believe this to be transfers@ig.com

Clearing information, Please ask you bank/brokerage which settlement and clearing information is required in order to receive your shares. Settlement and clearing information typically includes the SWIFT address of your bank/brokerage as well as a local depositary ID such as Crest ID for UK securities.

Brokerage code - Bank Code or ABA number

SWIFT or BIC

Brokerage Name, City, Street and Postal Code - I have IG Index and the London address.

If I type IG Index into the name field of the brokerage form on Equateplus, it suggests the following information but as the address is different, I wasn't sure whether to proceed

SWIFT or BIC INXEGB21XXX

IG INDEX LIMITED
LONDON
FRIARS HOUSE
SE1 8EZ

 

Appreciate any help.

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On 31/08/2022 at 23:09, SamWidge said:

Hi,

Did you ever get this resolved? I have the same problem.

Many Thanks.

Hi @SamWidge,

Thank you for you post.
Have you tried to start a transfer request from My IG?
You can find further information on how to transfer your shares in on the link below:
https://www.ig.com/uk/help-and-support/investments/transferring-investments/how-do-i-transfer-my-shares-or-isas-from-another-broker-to-ig

Here's a screenshot for your reference:
image.png

I hope that it helps

Thank you - Arvin

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