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    • Phil27356
    • By Phil27356 22nd Nov 17, 3:23 PM
    • 4Posts
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    Phil27356
    Stocks & Shares ISA
    • #1
    • 22nd Nov 17, 3:23 PM
    Stocks & Shares ISA 22nd Nov 17 at 3:23 PM
    Hi,
    Perhaps others may be in a similar position:

    I have a Stocks and Shares ISA that has gone from £7000 to £4600 over the last 20 years or so. It currently attracts a 1.6% management charge. I was thinking about either moving it to a different provider and hoping for better returns or taking the hit on the tax efficiency and just moving it to an Easy Access attracting 1.5%. I can't move it to a Cash ISA as I am fully paid up.
    Any suggestions ?

    Many Thanks.

    Phil
Page 1
    • MallyGirl
    • By MallyGirl 22nd Nov 17, 3:36 PM
    • 2,098 Posts
    • 6,974 Thanks
    MallyGirl
    • #2
    • 22nd Nov 17, 3:36 PM
    • #2
    • 22nd Nov 17, 3:36 PM
    Hi,
    Perhaps others may be in a similar position:

    I have a Stocks and Shares ISA that has gone from £7000 to £4600 over the last 20 years or so. It currently attracts a 1.6% management charge. I was thinking about either moving it to a different provider and hoping for better returns or taking the hit on the tax efficiency and just moving it to an Easy Access attracting 1.5%. I can't move it to a Cash ISA as I am fully paid up.
    Any suggestions ?

    Many Thanks.

    Phil
    Originally posted by Phil27356
    What do you mean by 'fully paid up'? You should be able to transfer it to another ISA provider that accepts transfers in. That is not the same as withdrawing and paying in again which would affect this year's £20k allowance.
    I'm a Board Guide on the Debt-free Wannabe, Loans & Credit Cards boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Board guides are not moderators and don't read every post. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com
    Any views are mine and not the official line of MoneySavingExpert.com.
    • dunstonh
    • By dunstonh 22nd Nov 17, 4:33 PM
    • 89,919 Posts
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    dunstonh
    • #3
    • 22nd Nov 17, 4:33 PM
    • #3
    • 22nd Nov 17, 4:33 PM
    I have a Stocks and Shares ISA that has gone from £7000 to £4600 over the last 20 years or so.
    Are you receiving withdrawals?

    I can't immediately think of any mainstream fund that has done that in that period. Possible that a couple of extremely high risk ones in niche/specialist sectors have but they are not mainstream and not meant to be held in isolation.

    What investment fund(s) do you have?
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Phil27356
    • By Phil27356 23rd Nov 17, 8:33 AM
    • 4 Posts
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    Phil27356
    • #4
    • 23rd Nov 17, 8:33 AM
    Stocks & Shares ISa
    • #4
    • 23rd Nov 17, 8:33 AM
    Thank you for the responses; I hope this is going to the correct thread:

    By fully paid up I was meaning that I have invested the full amount for this financial year in my Cash ISA. Transfer options would have to be to another Stocks & Shares ISA.
    I have not been receiving any withdrawals; It is something that I invested in following my Bank's advice many years ago (just before the tech crash I believe).
    The investment is called a 'Global Bond Accumulation' and is with Invesco Perpetual so not a niche.
    • dunstonh
    • By dunstonh 23rd Nov 17, 10:14 AM
    • 89,919 Posts
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    dunstonh
    • #5
    • 23rd Nov 17, 10:14 AM
    • #5
    • 23rd Nov 17, 10:14 AM
    The investment is called a 'Global Bond Accumulation' and is with Invesco Perpetual so not a niche.
    It is a single sector fund. Not multi-asset. So, it is aimed at people who build a portfolio of multiple funds covering each of the investment areas. If held in isolation with no other investment funds, then it is poor quality investing. You are putting your eggs in one basket.

    I have looked at the performance for the last 20 years and you would be up 175.71%. On £7000, that would now be £19,299. So, your figures do match the returns on that fund.

    It is something that I invested in following my Bank's advice many years ago (just before the tech crash I believe).
    Are you sure? The investment period pre-dates platforms. So, that would make it a direct investment with invesco perpetual. Banks typically only sold their own-brand products or had a tie in with a particular insurer. Not individual fund houses. Which bank did you use?

    Are you perhaps getting this investment mixed up with another one?
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • le loup
    • By le loup 23rd Nov 17, 10:40 AM
    • 3,664 Posts
    • 3,594 Thanks
    le loup
    • #6
    • 23rd Nov 17, 10:40 AM
    • #6
    • 23rd Nov 17, 10:40 AM
    By fully paid up I was meaning that I have invested the full amount for this financial year in my Cash ISA. Transfer options would have to be to another Stocks & Shares ISA.
    Originally posted by Phil27356
    No it wouldn't. You can transfer an existing S&S ISA to a Cash ISA provided that the Cash ISA accepts transfers - many do. The fact that you have fully subscribed this year is irrelevant.
    • Phil27356
    • By Phil27356 29th Nov 17, 11:57 AM
    • 4 Posts
    • 0 Thanks
    Phil27356
    • #7
    • 29th Nov 17, 11:57 AM
    • #7
    • 29th Nov 17, 11:57 AM
    Apologies for late response: dunstonh, I used the Financial Advisor from my local National Westminster Bank and I think perhaps it may have been moved once before due to poor performance. I think I may just move it to a Cash ISA now (thank you le loup) and at least I know that it will definitely grow (albeit) slowly this year and any meagre profit won't get eaten up by 1.6% management fees. Thank you all for the replies.
    • Phil27356
    • By Phil27356 30th Nov 17, 4:43 PM
    • 4 Posts
    • 0 Thanks
    Phil27356
    • #8
    • 30th Nov 17, 4:43 PM
    • #8
    • 30th Nov 17, 4:43 PM
    Only figures I've got are:

    Invesco Perpetual Global Bond Fund (Acc)/£4,588.95 29/11/2017 3,345.20 137.18
    (Product Value Date Shares Price)

    Product XD Date Pay Date Rate(GBp)
    Invesco Perpetual Global Bond Fund (Acc) 01/05/2017 30/06/2017 0.7602
    Invesco Perpetual Global Bond Fund (Acc) 01/11/2016 31/12/2016 0.8197
    Invesco Perpetual European Equity Fund (Acc) 01/11/2016 31/12/2016 16.4060
    Invesco Perpetual Global Bond Fund (Acc) 01/05/2016 30/06/2016 0.7383
    Invesco Perpetual Global Bond Fund (Acc) 01/11/2015 31/12/2015 0.7253
    Invesco Perpetual European Equity Fund (Acc) 01/11/2015 31/12/2015 11.5777
    Invesco Perpetual Global Bond Fund (Acc) 01/05/2015 30/06/2015 0.7234
    Invesco Perpetual Global Bond Fund (Acc) 01/11/2014 31/12/2014 0.7015
    Invesco Perpetual European Equity Fund (Acc) 01/11/2014 31/12/2014 17.0798
    Invesco Perpetual Global Bond Fund (Acc) 01/05/2014 30/06/2014 0.6077
    Invesco Perpetual Global Bond Fund (Acc) 01/11/2013 31/12/2013 0.6776
    Invesco Perpetual European Equity Fund (Acc) 01/11/2013 31/12/2013 8.9810
    Invesco Perpetual Global Bond Fund (Acc) 01/05/2013 30/06/2013 0.8912
    Invesco Perpetual Global Bond Fund (Acc) 01/11/2012 31/12/2012 0.9921
    Invesco Perpetual European Equity Fund (Acc) 01/11/2012 31/12/2012 11.1111
    Invesco Perpetual Global Bond Fund (Acc) 01/05/2012 30/06/2012 1.2086
    Invesco Perpetual European Equity Fund (Acc) 01/11/2011 31/12/2011 10.8481
    Invesco Perpetual Global Bond Fund (Acc) 01/11/2011 31/12/2011 1.3545
    Invesco Perpetual Global Bond Fund (Acc) 01/05/2011 30/06/2011 1.3581
    • jimjames
    • By jimjames 30th Nov 17, 5:12 PM
    • 12,239 Posts
    • 10,776 Thanks
    jimjames
    • #9
    • 30th Nov 17, 5:12 PM
    • #9
    • 30th Nov 17, 5:12 PM
    Those numbers appear to show income being paid out? They don't seem to show the value of the fund over time
    Remember the saying: if it looks too good to be true it almost certainly is.
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