Self Directed Buy Out Bond

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therookiefal

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I have a self directed buy out bond with Cantor, and I know that I am paying a higher fee for that service. This is an older pension with around 50k in it.
But I also have a pension with my current job and the 50k is a smaller allocation of my overall pension.

In the self directed I have some ryanair, kingspan, berkshire and an ETF. But the more I think of it now, as it is a smaller part of my overall portfolio, am I able to transfer these securities and hold them in a buy out bond until I hit retirement date as the paying of the additional fee to allow me self direct. Can you transfer securities to a buy out bond and hold them?
 
Sorry - I don't understand your query. You have a self-directed Buy-Out Bond with Cantor with a fund from an older employment and inside this you hold Ryanair, Kingspan, Berkshire and an ETF. You're asking about transferring these securities and holding them in a Buy-Out Bond.

But they're already held in a Buy-Out Bond. Can you clarify your question please?
 
LDFerguson said:
But they're already held in a Buy-Out Bond. Can you clarify your question please?
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I found the post confusing too but wonder if the original poster is asking if they can transfer the shares in the existing Cantor self directed BOB to another BOB with another provider that has lower charges? I presume that any BOB that invests in specific equities, rather than, say, a set of pre-existing investment funds, would need to be self directed and, by definition, the charges will probably be significant? Have you identified a different self directed BOB provider that charges less than Cantor?
 
ClubMan said:
I found the post confusing too but wonder if the original poster is asking if they can transfer the shares in the Cantor BOB to another BOB with another provider that has lower charges? I presume that any BOB that invests in specific equities rather than a set of pre-existing investment funds would need to be self directed and, by definition, the charges will probably be significant?
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Ah yes - that could be it. It's possible for assets held in one self-directed Buy-Out Bond to be transferred to another self-directed Buy-Out Bond without selling the assets. That's known as an in specie transfer.

As you say, self-directed / self-administered Buy-Out Bonds are rarely low-cost. OP doesn't say how much they're paying for the current arrangement, so I can't comment on whether lower-cost would be available.
 
sorry for the confusion, but yes, you have worked it out what I was trying to get at.
I am paying 100bps per annum, and was thinking that if I could move it to a cheaper buy out bond. I would be willing to forgo the ability to sell and actively trade the shares if I thought I could get a lower fee
 
therookiefal said:
I am paying 100bps per annum, and was thinking that if I could move it to a cheaper buy out bond. I would be willing to forgo the ability to sell and actively trade the shares if I thought I could get a lower fee
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If you're looking to hang on to the shares and ETF you have, then you need a stockbroker account within the Buy-Out Bond to hold these assets. So you'll have the ability to trade even if you don't use it. You might be able to shave 10 or 20 bps off the annual charge by moving but I don't think you'll save much more than that.
 
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