Dividend reinvestment plan (DRIP)

[ArvinIG]

On 24/06/2022 at 22:15, AlexP said:

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

 

Hi @AlexP,

We understand your disappointment and we have forwarded the client feedback to the relevant team. We will post any update on  DRIP on the community.

All the best - Arvin

[Eastusk]

Just looking at SMIF

 

Surprised there is no DRIP.

 

[someguy]

Looks like this topic has been going on for years and still no update for it ....... sad face ......

[PatrickH]

It surprises me that after 3 years and numerous requests for DRIP, you still don't offer this.  I can't see myself opening an account with a broker who can't offer even the most basic of services.

[Swhite]

Is there any news or timeframe for the addition of a DRIP feature? Or is there an alternative? Thanks.

[Crayzee]

I too would very much like a DRIP option. Is this down to a lack of expected interest or is it a major problem to change the system to allow this?

[AndyH]

Lack of DRIP too is the one failing of this platform in my opinion. Would love to see it addressed and included please.

[richardp]

I would like a drip option too for my shares in my isa. So i take it that any dividends paid are put straight into your account as money

[Crayzee]

If DRIP is too complex to build into the system, perhaps you would allow a short window after a dividend has been received to do a manual purchase at reduced dealing costs?

[KoketsoIG]

1 hour ago, Crayzee said:

If DRIP is too complex to build into the system, perhaps you would allow a short window after a dividend has been received to do a manual purchase at reduced dealing costs?

Hi @Crayzee,

Thank you so much for your suggestion. Please note that your suggestion has been recorded and sent to the relevant team for consideration.

All the best,

KoketsoIG

[Zeiths]

I also would like a DRIP to compound my shares!!

I don't really want to switchover to CBA and have the DRIP but pay way more for the fees....

[ACL]

Any further progress on this? The other feed referenced early in this one dates back to 2018 with many repeated promises but no results. This is a pretty fundamental product for a lot of investors, and one that I wasn't aware didn't exist before opening the account. It's making me consider moving things back out again.

[KoketsoIG]

3 hours ago, ACL said:

Any further progress on this? The other feed referenced early in this one dates back to 2018 with many repeated promises but no results. This is a pretty fundamental product for a lot of investors, and one that I wasn't aware didn't exist before opening the account. It's making me consider moving things back out again.

Dear @ACL,

Thank you for your post. We understand that you are looking for an update on this matter. At this time, we do not have any new information to share. However, we want to assure you that once there is an update, it will be posted on our community page. We appreciate your patience and understanding.

All the best!

KoketsoIG

[JRF567]

On 29/12/2023 at 06:49, KoketsoIG said:

Dear @ACL,

Thank you for your post. We understand that you are looking for an update on this matter. At this time, we do not have any new information to share. However, we want to assure you that once there is an update, it will be posted on our community page. We appreciate your patience and understanding.

All the best!

KoketsoIG

Hi There - Any update on this???
Or is it time to move my accounts to a platform that can provide DRIPs?
 

[JRF567]

Hi There - Any update on this???
Or is it time to move my accounts to a platform that can provide DRIPs?

[KoketsoIG]

On 24/02/2024 at 13:23, JRF567 said:

Hi There - Any update on this???
Or is it time to move my accounts to a platform that can provide DRIPs?

Hi @JRF567,

Unfortunately, we do not have an update on this yet. We will provide one once we have received feedback from the product team on the latest developments.

Thanks,

KoketsoIG

[AhmedMarsh]

DRIPs often offer discounted or commission-free share purchases, further maximizing returns for investors. However, it's essential to consider factors such as taxation and portfolio diversification when implementing DRIPs.

[kevindevis23]

A Dividend Reinvestment Plan (DRIP) is an investment strategy where dividends earned from stocks are automatically reinvested to purchase additional shares of the same stock. This allows investors to compound their returns over time, potentially increasing their overall investment value without the need for manual intervention.

 

[Eastusk]

Is there any update on A Dividend Reinvestment Plan ?

 

 Thanks

 

[KoketsoIG]

19 hours ago, Eastusk said:

Is there any update on A Dividend Reinvestment Plan ?

 

 Thanks

 

Dear @Eastusk,

Thank you for your post.

Please note that we do not have a dividend reinvestment plan yet and unfortunately, there is no update on a DRIP plan at IG. 

Thanks,

KoketsoIG

[jsilvano]

They're just going to keep drip feeding us.