PER Transfer

jd79

I currently have a tracker PEP with HSBC which attracts a fee of 1%. I am told that I can transfer the PEP to a number of other firms where the annual fee will only be 1/2%. Any good recomendations? Thanks.

dunstonh

looking at the annual managment charge alone is not the way to invest. You have one fund and on the assumption that is the UK FTSE tracker with HSBC, you are invested in a weak sector. There is little point chosing a fund to save 0.25 or 0.5% p.a. when the potential for growth could be hampered by 5% a year?

Single fund investing is old fashioned and is often the reason why people suffer so much during stockmarket crashes and fail to get above average performance in periods of growth.

jd79

Dear Dunstonh

Thank you for taking the time to reply to my query, however you appear to misunderstand, I do not require investment advice. This pep forms a very small part of a well balanced portfolio which has served me well over many years of investing.I merely require suggestions as to current good deals/service from other customers/clients in the tracker arena.

jd79

Dear Dunstonh

Thank you for taking the time to reply to my query, however you appear to misunderstand, I do not require investment advice. This pep forms a very small part of a well balanced portfolio which has served me well over many years of investing.I merely require suggestions as to current good deals/service from other customers/clients in the tracker arena. Thanks once again for your time.

dunstonh

We can't give specific fund recommendations at this website. It's against board rules.

If you tell us what HSBC tracker fund it is, then we could give you possible cheaper alternatives as that information would be factual rather than advice based (HSBC have a couple of different trackers). That shouldn't fall foul of board rules.

jd79

Thanks - never my intention to "fall foul of rules". Will do my research elsewhere.

EdInvestor

[email="L&G@GEN"]L&G, [/email] MG and Fidelity all do trackers with AMCs of 0.5% or less.

jd79

Ed

Thanks for the info - I will have look at these.