Versatile Investment Plan and Bond with Standard Life

Yorkshireman_3

I have a monthly endowment with SL £50 per mth. Its a versatile investment plan. Started May 2001 - matures May 2016. Spread of investment monthly - 40% Managed Fund / 20% International Fund / 10% European Fund / 30% With Profits Fund, I also have a £5k Bond held since May 2001 . Would advice be to hold or sell please.

dunstonh

What you are asking is regulated financial advice. I know the plan you are referring and it has full access to the SL life fund range and whilst my fund selection would be different to yours, we don't know your atttitude to investment risk, tax status (one would assume you are a higher rate taxpayer with maximised ISAs to consider one of these plans).

From an investment point of view, with the full SL fund range available to you, there is no reason for you to surrender the investment. Fund switch maybe, but not sell. From a tax point of view, you could incur a tax penalty if you sell. It could be tax efficient for you to stay with it. From a charges point of view, it would need to be compared to an ISA but we dont have those figures.