Invesco Perpetual ISA

juniper123

Can anyone advise me if the Invesco Perpetual stocks and shares ISA is a good one? I've had the account for a few years, but have never been in a position to save much in it. I've been putting £140/month in for the past year and am now in a position to up my monthly saving. Should I top up this ISA or look for another one?

agsnu

Define "good".

dunstonh

Can anyone advise me if the Invesco Perpetual stocks and shares ISA is a good one?

it complies with the ISA rules as do all others so its neither good or bad on that front. Its compliant.

Should I top up this ISA or look for another one?

If you are going direct to Inv Perp then its damned expensive. They only discount when done via an IFA. If you are going DIY then its daft to use them.

turbobob

If you are not getting advice, the alternative to going direct to a fund provider (i.e. Invesco Perpetual) is going through a discount broker. Going to the provider direct is more expensive. See article here http://www.moneysavingexpert.com/savings/isa-discounts

I use Hargreaves Lansdown for funds and recommend them for this. If you wanted to regularly buy individual shares and hold them in an ISA (it doesn't sound like you do, but if you did) then theres better options than H-L as their sharedealing service is expensive...

Jake'sGran

turbobob wrote: »

I use Hargreaves Lansdown for funds and recommend them for this. If you wanted to regularly buy individual shares and hold them in an ISA (it doesn't sound like you do, but if you did) then theres better options than H-L as their sharedealing service is expensive...

I use them too but they churn out so much paper it annoys me. They usually refund (in the form of extra units) all the initial charge and they also rebate a little of the annual one. I have a number of bonds/ cash ISAs about to mature and the rates to keep them in cash are so poor that I have decided to buy funds with some of it and Invesco Perpetual Income or High income will be one of them.

You could start investing in another fund; one with a good three year record.
Trustnet are very good for historical information and also show what people are buying now. Last year, apparently, one fund attracted the most money. It was Blackrock UK Absolute Alpha. Might have got that wrong, maybe it was Black Gold & General.

endure

You mght want to have a look at https://www.bestinvest.co.uk. They're a discount broker with loads of research and info on their website.

juniper123

Many thanks for all the help - taken on board with appreciation!