What’s the difference between a settled and an unsettled investment?
A settled investment is an investment that’s fully transferred between providers, meaning you can now choose to sell it.
An unsettled investment means the transfer is still in progress. During this time, the investment shown will just be a forecast of the eventual settled investment. You won’t be able to sell the investment until it settles.
Different investments can complete at different times. This is influenced by various factors – including what type of investment it is. Most shares, investment trusts and ETFs settle within just a few days of appearing on your account. For funds (Unit Trusts, OEICs), it can take between 2-4 weeks.
If you want to sell an investment, you’ll have to wait until that particular investment shows as settled – although you don’t need to wait until the entire transfer has completed.