Dividend reinvestment plan (DRIP)

[Guest Invis]

Hello IG Community,

Can anyone advise - is it possible to set up automatic divided reinvestment on normal share dealing accounts and stocks and shares ISAs on IG and if so how would I do this?

Thanks for your help!

[Guest Rodrigo]

I would like IG to have dividends dripping program? Is that possible? 

[CharlotteIG]

On 18/11/2019 at 19:53, Guest Rodrigo said:

I would like IG to have dividends dripping program? Is that possible? 

As mentioned in the previous forum, I will contact our corporate actions team about who can push this. I think it's a great idea that a lot of clients want. I will update on the other forum.

Apologies for the delay in this project. 

Thanks

[gb12390]

Any update on this?

[Guest Turbine]

Please add me to that feature request. This stands up there together with dynamic stop-loss.

[async128]

On 18/11/2019 at 19:53, Guest Rodrigo said:

I would like IG to have dividends dripping program? Is that possible? 

I am am a long term accumulation investor. My portfolio is in millions. My Portfolio IG is only 3.5% of overall. The primary reason is the lack of DRIP. I don't care if they do or don't, other than I hate waste and commercial stupidity, obviously many do want it. In the meantime just Invest in II, or Halifax, it's included and cheap.

[dmedin]

IG's business focus is on spread bets, get the punters in and out and paying plenty of commission

[lk8]

Any news on this?

 

[Guest Dexter]

Any update ? Any one reading this ?

[jeantan]

Any update?

[Sartois]

Bump - update please.

[taffet87]

Any news here? I will probably give up and move the shares I hold elsewhere soon as IG seem remotely uniterested in this

[Guest Tak]

Same, any updates?

[Mikey_2811]

Update please 

[Guest Jess_1908]

I'd like an update on this too. I'm going to have to move my shares to another broker specifically for this reason.

[WillC]

Hi there,

Please could you explain why dividend reinvestment is not offered, and why there has been no update since the admin post on 20 Nov 2019.

[TobyThomas]

I agree with all the above sentiments.  I've used several brokers before, such as ii, Halifax, etc. I assumed ALL online brokers and investment platforms included automated DRIP.  Shocked that IG do not!  Even more surprised at their complacency in not responding to this thread.

[CharlotteIG]

5 hours ago, TobyThomas said:

I agree with all the above sentiments.  I've used several brokers before, such as ii, Halifax, etc. I assumed ALL online brokers and investment platforms included automated DRIP.  Shocked that IG do not!  Even more surprised at their complacency in not responding to this thread.

 

On 08/01/2021 at 11:02, WillC said:

Hi there,

Please could you explain why dividend reinvestment is not offered, and why there has been no update since the admin post on 20 Nov 2019.

 

On 09/12/2020 at 23:33, Guest Jess_1908 said:

I'd like an update on this too. I'm going to have to move my shares to another broker specifically for this reason.

 

On 29/10/2020 at 14:10, Mikey_2811 said:

On 17/10/2020 at 02:06, Guest Tak said:

Same, any updates?

 

On 13/09/2020 at 18:40, taffet87 said:

Any news here? I will probably give up and move the shares I hold elsewhere soon as IG seem remotely uniterested in this

 

On 06/08/2020 at 09:41, Sartois said:

Bump - update please.

 

On 21/07/2020 at 06:28, jeantan said:

Any update?

 

On 30/04/2020 at 15:42, lk8 said:

Any news on this?

 

Update please 

Hey all, 

There's a team currently working to add a dividend reinvestment plan. We don't have a time frame yet but I will update you. 

All the best

[WellWellWellRaku]

Looking forward to this

[HeadBeeGuy]

This would be a game changer for the platform...

 

...though I can't see it being acted on for a long time

[Guest HocusPoc]

I also would like an automated Dividend reinvestment option!

[Hocuspocus]

I also would like the automatic dividend reinvestment option!

[Guest Kingy]

Count me in on DRIP, make it an option

[Guest Maverick284]

DRP should be made available on priority as it’s such a basic feature. IG would risk losing customers if this doesn’t happen at the earliest !

[Rawly]

It is funny that the IG website gives a definition about DRIP but does not offer it at the moment 
https://www.ig.com/uk/investments/support/glossary-investment-terms/dividend-reinvestment-definition

I like the platform but was surprised to see there was no option to reinvest Dividends after I signed up. Also would have thought since Jan 25th they may have been able to have come up with a solution by now.

[ArvinIG]

6 hours ago, Rawly said:

It is funny that the IG website gives a definition about DRIP but does not offer it at the moment 
https://www.ig.com/uk/investments/support/glossary-investment-terms/dividend-reinvestment-definition

I like the platform but was surprised to see there was no option to reinvest Dividends after I signed up. Also would have thought since Jan 25th they may have been able to have come up with a solution by now.

Hi @Rawly,

IG is aware that it is an option that clients would like to see. I will forward your feedback to the relevant department to be reviewed.

Thank you - Arvin

[pmcguinness07]

Dear IG, 

Has there been any progress on providing a DRIP feature? 

This has been waiting an exceptionally long time, can we please recieve an ETA or a confirmation that the feature will not be provided. The current lack of response is leaving people in a constant state of limbo. This will trigger people to move to alternative providers due to lack of transparency.

Regards 

Pearse

Edited March 8, 2022 by pmcguinness07

[Lambchops]

How on earth is this still under review after almost 3 years?!

IG - please either give a proper update with an expected timeline for when this feature will be offered, or be honest and say that nothing is forthcoming.

Thanks

[ArvinIG]

On 09/03/2022 at 05:13, pmcguinness07 said:

Dear IG, 

Has there been any progress on providing a DRIP feature? 

This has been waiting an exceptionally long time, can we please recieve an ETA or a confirmation that the feature will not be provided. The current lack of response is leaving people in a constant state of limbo. This will trigger people to move to alternative providers due to lack of transparency.

Regards 

Pearse

 

On 12/03/2022 at 00:30, Lambchops said:

How on earth is this still under review after almost 3 years?!

IG - please either give a proper update with an expected timeline for when this feature will be offered, or be honest and say that nothing is forthcoming.

Thanks

Hi @pmcguinness07 @Lambchops,

Unfortunately at this point in time there is no ETA for DRIP to be available on the platform. As mentioned IG is aware that it is a feature that some clients would like to see but there is no ETA.

All the best - Arvin

[AlexP]

It’s a shame this hasn’t been sorted. Will have to setup my real investments with Hargreaves’s Lansdown, and just keep ig for fun. 
Will be missing out on a lot of business