No, Savings Plan trades are not delayed, but they are not placed instantly either. They follow InvestEngine’s normal daily trading schedule.
How It Works
When your Savings Plan is triggered (e.g., weekly or monthly), here's what happens:
- The money is added to your portfolio according to your plan.
- An order is created automatically based on your portfolio weights.
- That order is placed during the next available trading window.
When Are Trades Placed?
- If your money arrives in your portfolio before 2:00 pm on a business day, it will usually be invested the same day.
- If it arrives after 2:00 pm, it will be included in the next business day’s trading.
- Trading starts at 2:30 pm each business day and runs until around 7:00 pm.
So while there may be a short wait, trades are processed in line with our regular schedule, not delayed beyond that.
Can I Change or Cancel a Savings Plan Order?
Yes, if the order hasn’t been placed yet:
- Go to your portfolio and tap the blue ‘Orders placed’ banner (may appear dimmer in dark mode).
- Select ‘Cancel these orders’ to cancel all trades in that portfolio before 2:00 pm.
You can also edit, pause, or cancel your Savings Plan settings at any time.