Transferring SIPP - Interserve
Posted: July 31st, 2022, 12:13 pm
I have been transferring my SIPP from BestInvest.
The portfolio included shares in Interserve, which remained visible but with a zero value since the company went into administration in 2019.
I have long assumed that was the end of it and was puzzled that the asset remained in my portfolio all this time.
The Interserve shares cannot be transferred to the new provider (not a big issue), but in order to close my account at BestInvest I need to sign a letter assigning the beneficial interest in these shares over to BestInvest.
Is the Interserve story done and dusted? Should I sign this letter or is there some chance of value left in these long-defunct shares?
The Interserve website no longer appears to be active but their recruitment pages seem to be and they have vacancies (with a 2022 copyright notice at the bottom of the page - might be automatically updated)?
Confused SFU.
The portfolio included shares in Interserve, which remained visible but with a zero value since the company went into administration in 2019.
I have long assumed that was the end of it and was puzzled that the asset remained in my portfolio all this time.
The Interserve shares cannot be transferred to the new provider (not a big issue), but in order to close my account at BestInvest I need to sign a letter assigning the beneficial interest in these shares over to BestInvest.
Is the Interserve story done and dusted? Should I sign this letter or is there some chance of value left in these long-defunct shares?
The Interserve website no longer appears to be active but their recruitment pages seem to be and they have vacancies (with a 2022 copyright notice at the bottom of the page - might be automatically updated)?
Confused SFU.