Changes to our service removal of purchases in certificated Permanent Interest Bearing Shares PIBS
Dear Mr Hiriskpaul
Our clients’ investment into PIBS which cannot be held electronically has decreased significantly and as a result only a very small number buy these types of investments through us now. We’ve therefore made the decision to no longer offer new buys into PIBS we cannot hold electronically. You can continue to hold any PIBS you have which aren’t held electronically with us and sell them at any time, you just can’t buy anymore.
We have a number of PIBS which can be held electronically available through our website, more information on these can be found here.
We know this will be a disappointing message for some of our clients to read and we are sorry for any inconvenience it may cause. If you need help with trading online or over the telephone or would like to find out more about what other services HL offer, please visit our website or get in touch.
Yours sincerely,
HL
I am not sure which PIBS they are referring to, or even if I hold any, but I have asked. At least they are not forcing disposal.