We've decided to remove Investment Club accounts and the service will close. Below you'll find useful information and answers to some frequently asked questions about what this means for you.
As part of a strategic review of our services, we've decided to remove Investment Club accounts. Instead we'll focus our efforts on our core Self-Invested Personal Pension (SIPP), ISA and Trading Accounts.
If you have a query about your account, or you need to place a trade to sell one of your holdings, you can still log in to your account online to do this.
We're writing to affected customers from 27 August 2025 explaining the decisions and the options available. You'll have 60 days to make arrangements and complete your account closure.
Members must have an ii Trading Account if they choose this option. If they don't, they'll need to open one.
Important:
The club official needs to complete either an Asset Distribution Form for stock and cash distributions, or a Cash Only Distribution Form for cash only distributions on behalf of club members.
Any member who receives assets into their sole Trading Account will also receive a 12 month fee-free period, plus £50 in trading credits that can be used to offset any trading fees.
Important: If the assets from the Investment Club aren't transferred to their Trading Account using one of the forms above, they won't be entitled to these offer benefits. Terms apply.
Each of the following roles should be named on the account; and have the authority to trade and make amendments to the Investment Club account:
The club official needs to complete either an Asset Distribution Form for stock and cash distributions, or a Cash Only Distribution Form for cash only distributions on behalf of club members.
If a member doesn't already have their own ii Trading Account they can open a new account online.
To submit the transfer forms:
Remember, there are two forms:
To support you with closing your ii Investment Club account we'll process any combination of the options below. Make sure to carefully consider each of these.
1. Transfer the assets of the Investment Club portfolio to the ii Trading Accounts of individual club members
As the club official of the Investment Club, you'll need to complete the Asset Distribution Form for stock and cash distributions, or a Cash Only Distribution Form on behalf of the club members.
If a member doesn't already have their own ii Trading Account they can open a new account online.
2. Withdraw the Investment Club assets
As the club official of the Investment Club, you can instruct the transfer of the club's stock to another investment platform. You'll need to contact your new platform to start the transfer in process with them. They'll then contact us to arrange the transfer.
If you have any cash, you can request a withdrawal to the bank account registered on your ii Investment Club.
3. Sell the Investment Club assets
You can also take this opportunity to sell any stock you hold in your Investment Club account. You can then request a cash withdrawal of the proceeds to the bank account registered on your ii Investment Club.
4. Sharegift: Donate/gift the Investment Club assets to charity
You can use our Sharegift option to gift the club's assets to our designated charity by sending us a secure message from the ii Investment Club account.
Occasionally, some assets can't be sold or transferred and therefore can't be valued. In that case, those assets will need to remain in the account until they are resolved or delisted.
Important: Investment Club accounts which have no cash and only assets that can't be valued are not charged any monthly fees. Please bear in mind that if any assets do return to value, monthly fees may then resume in line with the terms of the account.
Cash can only be withdrawn from the Investment Club account in GBP. Any foreign currency balances must be converted back to GBP before they can be withdrawn. Foreign exchange charges may apply.
There are no charges at ii for transferring to another provider, or for cash being withdrawn back to your bank account.
However, if assets need to be sold, re-materialised into a certificate or any foreign currency needs converting before transferring or withdrawing, these operations are subject to our standard charges.
We will withdraw those funds into your nominated bank account.
If you don't have a nominated bank account, we will try to send you a cheque.
* Please make sure you have a nominated bank account on file, and that your address is up to date.
If there isn't a nominated bank account recorded on the Investment Club, we would look to send a cheque in the name of the club.
If the club would prefer a payment to be made to an individual club official, we will require a signed letter from all club members agreeing to this.
If no action is taken before the deadline, we reserve the right to restrict access to our services and apply additional fees to cover our costs. A monthly fee of £50 will be charged on top of any existing fees until the Investment Club account is closed.
We are now reviewing Investment Club Accounts with missing information, and once your account has been reviewed, we’ll let you know the next steps required to close your account.