1. Proposal to transfer the Baillie Gifford Invesment Trust Share Plan, Baillie Gifford Children's Savings Plan and Baillie Gifford Investment Trust ISA

  2. For many years we (Baillie Gifford Savings Management Limited) have provided a simple route to owning shares in the investment trusts managed by Baillie Gifford & Co (the “Investment Trusts”). The savings market has evolved over recent years, giving investors wider choices, and so we have recently undertaken an extensive review of the Plans.  

    We have concluded in light of that review that, in the longer term, the interests of plan holders would be best served by closing our Plans with effect from 31 August 2019 and offering you a transfer of your investments to an alternative plan provider. We have been working with Hargreaves Lansdown, a FTSE 100 Company, to offer you the choice of moving to them as the preferred replacement plan provider.

    PLEASE NOTE:  The transfer forms below are examples only.  If you require a replacement form, or if you are an existing client who has not received this information by post, please contact Client Relations on 0800 917 2112.

  3. Terms & Conditions

    These Terms & Conditions are effective from 1 June 2019, please contact Baillie Gifford should you wish a copy of your current Terms & Conditions.

    • Investment Trust ISA and Share Plan

      Download a copy of our Terms & Conditions for The Baillie Gifford Investment Trust ISA and Share Plan.

    • Children's Savings Plan

      Download a copy of our Terms & Conditions for The Baillie Gifford Children's Savings Plan.

  4. Your Questions

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  5. Your Questions Answered


    What is happening?

    On 31 August 2019 we will be closing our Plans. 

    Which Plans are you closing?

    The Investment Trust Share Plan, the Investment Trust ISA and the Children’s Savings Plan.

    Who are Hargreaves Lansdown and why have you chosen to work with them?

    Hargreaves Lansdown offer, through their investment platform, a flexible choice of investments combined with award-winning client service, online account management and dealing, as well as the option to manage investments by telephone and post.  We selected them following a robust and detailed process which focused on quality of service, cost, breadth of proposition and experience of managing transfers.

    All the Investment Trusts which are managed by us and which are currently available to you through the Plans are available to invest in through Hargreaves Lansdown.  By transferring to Hargreaves Lansdown you can continue to hold your shares in your chosen Investment Trust(s) within a Hargreaves Lansdown savings wrapper and still benefit from our investment expertise.  There will be no need for your shares to be sold, which means that you will not incur any dealing charges or be subject to out of market risk.

    Hargreaves Lansdown is a company incorporated and registered in England & Wales, with company number 01896481.  Their registered office is at One College Square South, Anchor Road, Bristol, BS1 5HL.  Hargreaves Lansdown are authorised and regulated by the Financial Conduct Authority (FCA) (reference number 115248) and are approved by HMRC to act as a plan manager of ISAs.

    What Investment Trusts will be available to invest in through Hargreaves Lansdown?

    All the Investment Trusts which are managed by Baillie Gifford and which are currently available to you through the Plans are available to invest in through Hargreaves Lansdown.  In addition, Baillie Gifford UK Growth Fund plc and Baillie Gifford US Growth Fund plc will also be made available for investment through the Hargreaves Lansdown investment platform.  

    Please note that dealing costs will be refunded until 31 August 2022 for deals in shares in the Baillie Gifford US Growth Fund plc, but deals in shares in the Baillie Gifford UK Growth Fund plc will incur the standard Hargreaves Lansdown charges as set out within the Comparison of Charges table at Appendix 2.

    Can you provide the full list of Investment Trusts I can invest in with Hargreaves Lansdown?

    The full list of available Investment Trusts managed by Baillie Gifford and available to be held with Hargreaves Lansdown :

    • Scottish Mortgage Investment Trust PLC
    • The Monks Investment Trust PLC
    • The Scottish American Investment Company P.L.C. (known as “SAINTS”)
    • Edinburgh Worldwide Investment Trust plc
    • The Baillie Gifford Japan PLC
    • Baillie Gifford Shin Nippon Trust PLC
    • Pacific Horizon Investment Trust PLC
    • Baillie Gifford US Growth Trust plc
    • Baillie Gifford UK Growth Fund plc

    Can you remind me of my options?

    You have three Options:

    • Option 1: Transfer to Hargreaves Lansdown
    • Option 2: Transfer to another provider
    • Option 3: Close your Plan and sell your investments

    Are there any other options?

    Yes, depending on the type of Plan you hold.  You can arrange to transfer your investments out of your Plan onto the main register of your chosen Investment Trust(s).  This means that the shares would be re-registered in your own name. The deadline for arranging a transfer of your investments onto the main register is 30 June 2019.

    This option is not available for ISAs or for Children’s Savings Plans.

    Where do I send the Consent Form?

    You should send the Consent Form to Hargreaves Lansdown.  Their address is: 1 College Square South, Anchor Road, Bristol BS1 5HL. A reply-paid envelope is enclosed for your convenience.

    Can I complete the Consent Form online?

    No.  You must complete the Consent Form enclosed with the pack and send it to Hargreaves Lansdown. A reply-paid envelope is enclosed for your convenience.

    When will the transfer to Hargreaves Lansdown take place?

    To facilitate a smooth orderly transfer of investments to Hargreaves Lansdown, we are proposing a series of transfer dates. 

    • The first transfer will take place on 1 June 2019.
    • The second transfer will take place on 13 July 2019.
    • The third transfer will take place on 31 August 2019. Subject to FCA approval, this will be the final transfer date.

    If you provide us with instructions to: transfer to another plan provider (by 1 August 2019); close your Plan (by 22 August 2019); or transfer to the main register (by 30 June 2019), your investments will not transfer to Hargreaves Lansdown.

    Why do you need to know my decision so early?

    The sooner you return your Consent Form, the sooner you can enjoy the benefits offered by Hargreaves Lansdown (if you select them as your new plan provider) and you can avoid receiving reminder letters from us.

    I want to transfer to a plan provider of my own choice : how do I do this?

    If you hold an ISA you must arrange the transfer through a plan provider who is approved by HMRC to act as an ISA plan provider.  Your chosen plan provider will contact us to enable the transfer to take place. We will need to receive a full and complete transfer instruction from your new plan provider by 1 August 2019.  If we do not receive an instruction by this date, your ISA will transfer to Hargreaves Lansdown. If you wish to transfer to another plan provider, please contact that provider as soon as possible.

    If you want to transfer your Savings Plan or Children’s Savings Plan to a plan provider of your own choice, please contact us on 0800 917 2112 (or +44 (0) 131 275 2000 from outside of the UK) to discuss.

    What should I do if I want to sell my shares and close my Plan?

    If you want to sell your shares and close your Plan, we must receive valid written instructions from you before the last dealing date, which will be 23 August 2019.  If you want to give us instructions to sell your shares, you can do so by post or through our online managed service (‘OMS’).  We must receive your written instructions by these deadlines for your full holding of shares:

    • For instructions sent by post: 5pm on 22 August 2019;
    • For instructions through OMS: before midnight on 22 August 2019.

    You will receive the proceeds of any sold shares approximately one week after the sale has taken place.  Sales are usually undertaken on the Tuesday or Friday following receipt of your valid instructions.

    Are there any tax consequences to selling my shares and closing my Plan?

    There may be capital gains tax implications when you sell your shares held within a Plan other than an ISA.  If you sell your shares held within an ISA and take the cash proceeds you will lose your tax wrapper and will no longer benefit from the tax advantages of an ISA.

    What happens if I do nothing?

    If you do not return your Consent Form or provide us with other instructions by the dates specified below, we intend to carry out a bulk transfer of investments to Hargreaves Lansdown on 31 August 2019.  With effect from this date, Hargreaves Lansdown will become your new plan provider and will hold the investments on your behalf through their investment platform.

    The last date for arranging a transfer of your investments onto the main register is 30 June 2019.  This option is not available for ISAs or for Children’s Savings Plans.

    The last date for instructing transfers to another plan provider is 1 August 2019.

    The last dealing date will be 23 August 2019, meaning that the last date for instructing a sale of your investments is 22 August 2019.

    Why will you transfer my investments to Hargreaves Lansdown if I take no action?

    We will do this to ensure that you remain invested in your chosen Investment Trusts.  You will, however, only be provided with a limited level of service by Hargreaves Lansdown.  This means that you will not be able to deal on your Hargreaves Lansdown account until you consent to their Terms & Conditions. The easiest way to avoid this is to complete and return the Consent Form to Hargreaves Lansdown as soon as possible.

    What will happen to any uninvested cash sitting within my Plan?

    Any uninvested cash balances which we are holding will transfer along with your investments. 

    What if I change my mind after informing Hargreaves Lansdown about my decision but before any transfer takes place?

    You should think carefully before making any investment decision.  Please contact us, if you wish, to discuss your options further.

    What if I change my mind after the transfer has taken place?

    Please contact Hargreaves Lansdown or refer to their Terms & Conditions relating to transferring your investments to another plan provider.

    Will you write to all holders of a Plan that is held jointly?

    No.  In line with our Terms & Conditions, we are only writing to the first named holder of any Plan held jointly, but all holders must sign any Consent Form.

    Will Baillie Gifford act as a plan provider after the last transfer has taken place?

    No.  After 31 August 2019 Baillie Gifford Savings Management Limited will no longer be a plan provider.  Prior to 31 August 2019 we will engage with the Financial Conduct Authority (FCA) to start the process of removing our regulatory permissions.  To avoid doubt we would retain our permissions until after the bulk transfer has taken place.

    Can I continue to deal in shares in my Plan ahead of any transfer to Hargreaves Lansdown?

    Yes.  Prior to your transfer to Hargreaves Lansdown, you can continue to provide us with dealing instructions as normal.  However, if we have not been able to process an instruction for you, or there are payments which have not settled, we will delay the transfer of your investments to Hargreaves Lansdown until the next transfer date.  We term these transactions ‘in-flight transactions’ and we will defer your transfer where there is an in-flight transaction to avoid disruption.

    We will, however, need to put in place dealing instruction deadlines ahead of 31 August 2019, which is the final transfer date.  The following dealing instruction deadlines will therefore apply:

    • For instructions sent by post: 5pm on 22 August 2019;
    • For instructions through OMS: before midnight on 22 August 2019.

    This is to help avoid in-flight transactions arising.

    What will happen to any of my uncashed cheques issued by Baillie Gifford?

    Any uncashed cheques issued to you by us will be cancelled on 28 October 2019 and the balances of any uncashed cheques will be transferred to Hargreaves Lansdown.  You will be able to claim any money due to you by contacting Hargreaves Lansdown on +44 (0)117 314 6215.  We would encourage you to encash any cheques issued by us as soon as possible.

    Will my account number change as a result of a transfer to Hargreaves Lansdown?

    Your current Baillie Gifford account number will no longer be valid after you transfer to Hargreaves Lansdown.

    If you already have a Hargreaves Lansdown account your transferring Baillie Gifford investments and any income shall transfer into your current Hargreaves Lansdown account.  

    If you do not have a Hargreaves Lansdown account, Hargreaves Lansdown will inform you of all the new information regarding your account administration.

    What if I already have a Hargreaves Lansdown account?

    You still need to follow the instructions in our letter to transfer your account to Hargreaves Lansdown.  Once your transfer is complete, you will then be able to see your transferred investments alongside the other investments you currently hold within Hargreaves Lansdown.  If you already have a Hargreaves Lansdown account, your transferring Baillie Gifford investments and any income shall transfer into your current Hargreaves Lansdown account.  Please note, if you are transferring into an existing Hargreaves Lansdown account then any income instruction you currently have set up will apply to your transferred investments (unless you instruct Hargreaves Lansdown otherwise).

    Will the SEDOL/ISINs of the Baillie Gifford Investment Trusts change as a result of the transfer?

    No.  There are no changes to the Investment Trusts.

    Will my Baillie Gifford account history be transferred to my new Hargreaves Lansdown account?

    No.  We will only transfer your investments, any cash on your account and the personal data we hold for you to Hargreaves Lansdown.

    What changes are you making to the Baillie Gifford Terms & Conditions?

    We are making certain amendments to our Terms & Conditions which will take effect on 1 June 2019.  A summary of the changes is set out below.

    Clause 22 (Changes Affecting This Agreement)

    Currently, under this clause we are able to amend the Terms & Conditions, vary the amount of our charges and introduce new charges at any time.  We are amending this clause to set out more clearly the circumstances in which we are able to amend the Terms & Conditions, and the period of notice we must provide when making a change.

    Under the new clause, we are able to amend the Terms & Conditions (including varying the amount of our charges or introducing new charges) where we have a valid reason to do so.  We may make such amendments by giving you reasonable prior written notice of at least 30 days.  The circumstances amounting a "valid reason" for these purposes will be set out in the Terms & Conditions.  If you do not agree with any change notified to you in this way, you may transfer or close your Plan free of charge by providing us with written notice of your decision before the relevant change takes effect.

    We will also be able to vary the Terms & Conditions without providing you with 30 days' prior written notice in certain limited circumstances, or where we agree the amendment in writing with you.

    Clause 25 (Transfer of Business)

    We are inserting a new provision into the Terms & Conditions relating to transfers of business.  Currently, we have the right to transfer our rights and obligations under the Terms & Conditions at our discretion.

    The new clause permits us to transfer, by whatever legal means, all or part of your Plan and/or all our part of our rights and obligations under the Terms & Conditions to another person, provided certain conditions are met. These conditions are:

    • the recipient is duly authorised by the FCA to provide the services that we provide to you under the Terms & Conditions;
    • we reasonably consider that the transfer will not prejudice you; and
    • if your Plan is an ISA, the recipient has the requisite approval from HMRC to act as a plan manager of ISAs.

    We will provide you with at least 30 days' prior written notice of any such transfer, and you will have the opportunity to transfer or close your Plan if you object.

    The new clause will also permit us to transfer any client money we hold in connection with your Plan to the new service provider without your consent.  We will act at all times in accordance with the FCA's rules relating to the holding of client money.

    Will my Terms & Conditions change?

    Yes.  After the transfer of your investments to Hargreaves Lansdown, their Terms & Conditions (which are enclosed) will apply in addition to the reduced Hargreaves Lansdown charges set out in Appendix 2 of the Your Questions Answered document. You should read them carefully.

    What are the main differences between my existing Terms & Conditions and the Hargreaves Lansdown Terms & Conditions?

    Please see Appendix 1 of the Your Questions Answered document for a summary of the main differences

    Will I need to set up a new Direct Debit instruction?

    Yes.  You will need to set up a new direct debit instruction with Hargreaves Lansdown. Hargreaves Lansdown will send details on how to do this in their welcome pack.

    When will you cancel my Direct Debit instruction?

    This will depend on when you transfer away from us:

    • If you are part of the first transfer to Hargreaves Lansdown on 1 June 2019 we will cancel your direct debit after your May 2019 payment is taken.
    • If you are part of the second transfer to Hargreaves Lansdown on 13 July 2019 we will cancel your direct debit after payment is taken on or after 1 July 2019.

    If you part of the third transfer to Hargreaves Lansdown on 31 August 2019 we will cancel any direct debits due after 15 August 2019.

    Will dealing dates change as a result of the transfer?

    Yes.  Generally, valid dealing instructions received by us are carried out on the next Tuesday or Friday (unless those days are not business days).  If you transfer to Hargreaves Lansdown, they will offer daily dealing and, their “Order Handling Policy” (which can be found within their Terms & Conditions) will apply to any deals you place.  If you set up a direct debit to make monthly investments, Hargreaves Lansdown will collect Direct Debits on the 7th of each month (or the next working day if the 7th falls on a weekend or public holiday). If you’ve given an investment instruction, the money will generally be invested on the 10th of the month or within three working days thereafter if it’s not possible to invest on the 10th.

    What will happen to the customer data you hold on my account?

    By 31 August 2019 all data relating to Plans which are transferring to Hargreaves Lansdown will be transferred so that Hargreaves Lansdown can administer your new account.  Please note that to comply with regulatory requirements we will retain certain historic transaction information relating to the period when we were the plan provider.

    Is there any cost to transfer to Hargreaves Lansdown or another plan provider?

    There is no cost to transfer to Hargreaves Lansdown.  Similarly, Baillie Gifford will not charge for any transfer to another plan provider.  However, if you choose an alternative plan provider, please refer to the alternative plan provider’s own Terms & Conditions for any possible charges they may levy.

    What are the current service charges I pay and what will they be if I transfer to Hargreaves Lansdown?

    Will I benefit from discounted terms agreed with Hargreaves Lansdown if I already have an ISA with them?

    If you already have a Hargreaves Lansdown ISA and transfer your Baillie Gifford ISA to Hargreaves Lansdown you will pay the discounted annual ISA fee of £39 for holding shares in your Hargreaves Lansdown ISA.  In addition, you will benefit from reduced trading charges on any qualifying Baillie Gifford Investment Trusts held within your ISA.

    Please see Appendix 2 - Comparison of Charges in the Your Questions Answered document for further details.

    How will the discounted terms work if I transfer into an account other than an ISA to Hargreaves Lansdown?

    If you transfer a non-ISA product to Hargreaves Lansdown, you will benefit from discounted trading fees on any qualifying Baillie Gifford Investment Trusts held within your non-ISA Hargreaves Lansdown account. Furthermore, the discounted trading fees will be offered for any qualifying Baillie Gifford Investment Trusts held in any product under your Hargreaves Lansdown client number.

    Please see Appendix 2 - Comparison of Charges in the Your Questions Answered document for further details.

    If I transfer to a non-ISA product, can I get access to the discounted annual ISA fee if I open a Hargreaves Lansdown ISA subsequent to the transfer?

    If you transfer into a non-ISA product and subsequently open a Hargreaves Lansdown ISA, you will not benefit from the discounted ISA fee but you will benefit from discounted trading charges on any qualifying Baillie Gifford Investment Trusts held within your new ISA account.

    What are the qualifying Baillie Gifford Investment Trusts?

    All of the Baillie Gifford Investment Trusts, except Baillie Gifford UK Growth.

    How will I pay monthly management fees if I choose to transfer to Hargreaves Lansdown?

    Hargreaves Lansdown will always try to collect fees from cash on your account.  If you do not have any cash on your account, and you have fully subscribed to an ISA or cannot otherwise top up, you are able to add money to your Hargreaves Lansdown Fund and Share Account, if you have one.  If there is insufficient cash on the account where the fees are to be charged and/or in any Fund and Share Account that you have with Hargreaves Lansdown, Hargreaves Lansdown will sell sufficient holdings to cover the amount owed. A fee is usually levied for this but will be refunded if Hargreaves Lansdown sold shares held in a qualifying Baillie Gifford Investment Trust to cover outstanding fees.   If you would prefer, you are also able to pay fees directly using your debit card online or over the phone without making a subscription to your account. The full details of how this fee sale process operates can be found in Hargreaves Lansdown’s full Terms & Conditions.

    What will happen to any money that you hold on my behalf?

    If your investments transfer to Hargreaves Lansdown, any money that we hold for you, including any cash balances you may have transferred to us through OMS, will also be transferred and held by Hargreaves Lansdown in a client money bank account and will be held in accordance with the Financial Conduct Authority’s (FCA’s) client money rules.  If you decide to transfer to another plan provider, we will transfer the money to them.  If you decide to close your account, we will send you the money.

    What will happen to any income generated by my investments if I transfer to Hargreaves Lansdown?

    Once you transfer to Hargreaves Lansdown, any income generated by your investments will be held as cash on your account, pending a future distribution payment instruction from you.  Hargreaves Lansdown will seek this instruction from you as part of their welcome pack.  

    Your Hargreaves Lansdown account can be set up to treat income in one of three ways:

    Reinvestment: Hargreaves Lansdown will reinvest any income automatically when it reaches £10 per holding (or a level of your choice between £10 and £1,000).  Automatic reinvestments take place between the 11th and the 21st of the month.  Hargreaves Lansdown has a charge of 1% subject to a minimum of £1 and a maximum of £10 for income reinvestment.  Please note this charge will  be refunded in respect of your qualifying Baillie Gifford investments until 31 August 2022.

    Paid out to your nominated bank account: Income will be paid out to your nominated bank or building society, within ten working days of the end of each month.  Please note Hargreaves Lansdown will need you to reconfirm your bank details.

    Held on account: Income will be held on deposit as a cash balance, pending your further instructions.  The instruction you give will apply to all income paying investments held in your Hargreaves Lansdown account.

    If you already hold a Hargreaves Lansdown account which you are transferring into, your existing income instruction will apply.

    What will happen to any dividends which go 'ex-dividend' before the bulk transfer to Hargreaves Lansdown on 31 August 2019?

    Any dividend payments relating to any share holdings you have in a Baillie Gifford Investment Trust which declares a dividend before 31 August 2019 and which is due to be paid after this date will be pre-funded by us and will form part of the amount transferring to your Hargreaves Lansdown account or paid out to you (in accordance with your instructions).

    Can I invest more money into my ISA if I transfer to Hargreaves Lansdown?

    Yes, if you are still resident in the UK and have not subscribed to another ISA this tax year, you can make further subscriptions up to the annual ISA subscription limit.

    What can I do with my Hargreaves Lansdown account prior to signing up to their Terms & Conditions?

    Until you have agreed to the Hargreaves Lansdown Terms & Conditions you will be unable to take any action on your account, this includes buying or selling investments, withdrawing money or general account administration.   To avoid this scenario, please send your Consent Form to Hargreaves Lansdown as soon as possible.

    Where can I find underlying information about my shares in the Baillie Gifford Investment Trusts?

    Once the transfer of your investments has taken place, you will no longer receive information from us. You should refer to the Hargreaves Lansdown (or your own choice of alternative plan provider’s) Terms & Conditions in order to find out if you will receive information from them regarding your shares in the Baillie Gifford Investment Trusts.

    What about my quarterly statements?

    Once you transfer your investment away from Baillie Gifford the quarterly statements you currently receive from Baillie Gifford will cease.

    If you transfer to Hargreaves Lansdown, you should be able to manage your investments online, and so will not need to wait for your statement to get an update on your investments. Hargreaves Lansdown encourages you to sign up for their paperless service, where you can view your quarterly statement online.  There is no charge to do this.  Once your transfer is complete, you can sign up for the Hargreaves Lansdown paperless service online or by telephone. If you prefer to receive a quarterly paper statement, Hargreaves Lansdown normally charges a fee of £10 + VAT every six months for paper statements. However, as part of the discounted terms we have agreed with Hargreaves Lansdown there will be no charge for such statements until 31 August 2022. Thereafter you will be charged for any subsequent paper statements unless you choose to sign up for the paperless service.

    If you transfer to an alternative plan provider you should discuss with them the options for your quarterly statement.

    What if I don't want to use Hargreaves Lansdown's online service?

    Hargreaves Lansdown offers a telephone and postal service (although please refer to Hargreaves Lansdown’s schedule of charges for details of the associated costs).  You can choose to continue to receive paper statements.  After 31 August 2022, Hargreaves Lansdown will make an additional fee of £10 plus VAT every six months for paper statements.

    If you transfer to an alternative plan provider, you should discuss the options they offer.

    Can I transfer to Hargreaves Lansdown if I live outside the UK?

    If you are resident outside of the UK, you can transfer to Hargreaves Lansdown, but you will be required to provide additional documentation.  Information on these requirements can be found in Appendix 4 of this booklet.

    If you reside in the European Economic Area (EEA) you will have access to all Hargreaves Lansdown’s services and you can add new money, withdraw and place trades.  Please note that in most circumstances you cannot make subscriptions to an ISA if you are not resident in the UK for tax purposes.

    If you reside outside of the EEA, your access to Hargreaves Lansdown services will be limited to withdrawals and trading on existing investments.  You will not be able to add new money.

    Can I transfer to Hargreaves Lansdown even if I live in the US?

    Hargreaves Lansdown would not normally accept US clients and would usually ask them to sell their investments in this situation.  However, Hargreaves Lansdown have agreed that legacy Baillie Gifford investors can retain their existing investments under a Hargreaves Lansdown product. However, US clients will not be able to open new accounts with Hargreaves Lansdown or make additions to their transferring investments.

    What will happen to the bare trust set up for a child?

    The bare trust will not be impacted by a transfer to Hargreaves Lansdown; all the rights, obligations and duties under the trust will continue in force and effect. The trustees will continue to hold the investments within the bare trust for the benefit of the named child.  Hargreaves Lansdown will set up a fund and share account for each bare trust which the trustees will be able to access and place instructions on.

    What will happen to the Children's Savings Plan which is set up as a designated account?

    Hargreaves Lansdown will set up a fund and share account for the named adult, who will be able to access and place instructions on the account.  The shares will be designated as being held for the benefit of the child.

    How will my investments be held?

    Currently, your investments are registered in the name of a nominee company, on your behalf.  If you transfer your investments to Hargreaves Lansdown, your investment will be held by their nominee company, Hargreaves Lansdown (Nominees) Limited.  You may transfer your Baillie Gifford investments onto the main register and into your own name.  However, in doing so, you would lose any ISA tax wrapper and the associated tax benefits that it confers. 

    What will happen to any Plans currently being administered by Executors?

    If you are the executor or legal representative of the estate for the deceased planholder we would encourage you to try to conclude the administration of the estate.  If this is not concluded by 23 August 2019 the investments will be transferred to Hargreaves Lansdown as part of the bulk transfer on 31 August 2019.

    I already have a Plan with Baillie Gifford, can I make an Additional Permitted Subscription (APS) to my ISA following the death of my spouse before the Plans are closed?

    Yes, so long as you have an existing account with us.  However, to accommodate a smooth take-up of APS we suggest you transfer to Hargreaves Lansdown as soon as possible.

    How can I contact Hargreaves Lansdown if I have any questions for them?

    If you have any questions relating to Hargreaves Lansdown services, please contact them directly on 0117 900 9000 or visit their website at www.hl.co.uk and click the ‘contact us’ link in the top right of the page.

  6. Contact Us

    If you need more information, if you are unsure what to do, or if you have multiple Plans with us and want to take different action for some of those Plans (or to discuss moving the shares out of your Plan into your name), please call us on 0800 917 2112 .

    Find out more information about the Investment Trusts. Please note however that we are unable to give any individual financial advice.