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IG Doesn't Support accumulation funds?


Emma

Question

Hi Community!

So, I have invested in the VUAG fund, which is an accumulation fund. My understanding is that the last time this fund declared its dividends was on March 27th 2024, however I can't see any movement in my fund that would show that my dividends have been automatically re-invested. I've been on the phone to IG and been told that IG 'don't support automatic re-investment' and that I'd actually get my dividends as cash. Except that I haven't and I can't quite understand how it could make sense that a platform like IG wouldn't support accumulation funds. If I wanted a cash fund I'd have gone with VUSA.

So, I'm wondering if I've got the date wrong, which means the accumulation event I'm looking for hasn't happened yet? Or the people at IG are right and they don't support accumulation, in which case...where are my dividends?

Hoping a lovely person on here can help me as I'm very confused!

Thank you.

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