Barclays stockbrokers administer the Marconi (formerly GEC) PEP. The 2003 admin charges have increased 50% (after previous increases) and additionally there are charges for closure @ £25 and Crest charges of £15 plus pro-rata admin fees, all plus VAT. In my case the closure fees amount to more than the value of the stock! I tried to obtain details of my portfolio on line but my registration was repeatedly rejected and then I was told I was not relavent! Compared with Natwest Stockbokers and Selftrade, with whom I also have accounts, Barclays comes at the bottom of the list. One further irritation, the only telephone number available is an 0845 number. This actually costs me more as I am a fixed monthly tarrif with my phone company - other than premium numbers which are charged extra. Not customer friendly.
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i know this was 3 years ago but i really feel i must comment. i know alot about the marconni pep you are talking about and its a ridiculous account that you should never have opened and your a fool to continue to operate it. its not barclays fault. peps are expensive to operate and if you insist on keeping it open im affraid your going to have to pay. this review should not be taken seriously. the marconi pep is an account that barclays stockbrokers continues to operate for people that insist on keeping it open. this account does not reflect the range of accounts barclays opperates. what i would suggest you do is open a self select maxi isa ask barclays to transfer the shares to this new account and close the PEP. you wont be charged any closure charge as you are staying with barclays. you will then be able to deal online with no problems. P.S. why did you insist on repeatedly trying to deal online when the terms and conditions clearly say its a telephone based dealing account with no online dealing oppertunities?
numberthree 28.08.2003 16:51
I use Natwest. (See my op) I only deal in small amounts of shares but always find them very helpful - don't think I will be changing to Barclays!
see-search.com 05.04.2003 02:46
Hi and welcome. Your opinion has it’s good points but could be improved with a little more detail for that higher rating. Have a look at some others for ideas on the content and structure that gets the eye of reviewers. I also I find it easier to write opinions using a wordprocessor then paste it with blank lines between paragraphs to improve readability. Try it and see what you think. Hope this is helpful. Cheers (_8-(|)
Advantages: 2 weeks credit, low maximum charge, get a quote prior to buy/sell. Disadvantages: need day time internet access, fairly slow to load from internet, no portfolio capability
trevorp 08.08.2000 ·
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Ciao members have rated this review on average: somewhat helpful
Review of Barclays Stockbrokers
Apr 4th, 2003
very helpful by (6%):
helpful by (44%):
somewhat helpful by (50%):
