Flexible international trading with the TD Waterhouse Multi-currency SIPP

TD Waterhouse has announced the launch of an optional multi-currency facility on its Self-Invested Personal Pension (SIPP).

In addition to Sterling (GBP), TD Waterhouse SIPP account holders will now be able to hold US Dollars (USD), Canadian Dollars (CAD) and Euros (EUR) within the account.

Angus Rigby, Chief Executive Officer of TD Waterhouse UK, said: “We have introduced the multi-currency facility on SIPP accounts to give investors greater flexibility to trade international markets. Traders will be able to choose the timing of their foreign exchange transactions to take advantage of rate fluctuations, and trades will be swifter as individual foreign exchange transactions will no longer be needed for each trade.

“Holders of international stock will also benefit from the ability to receive and hold dividends and other corporate action entitlements in the local currency in which they are paid.”

Trading on international markets has soared in popularity over recent years, and non-UK trades now account for up to ten percent of TD Waterhouse’s daily trade volumes. This growth reflects the fact that it is cheaper and easier than ever to trade foreign stocks. International stocks don’t incur Stamp Duty, they can be traded in real time outside UK market hours, and international markets offer access to some of the world’s best-known companies.

Until 30th April 2007, any new Trading, ISA, PEP or SIPP account will receive two months’ commission free online trading.