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SL Stakeholder WP Swith
cheggers
Posts: 685 Forumite
I've a SL Stakeholder I invest in the following funds, different split (but you don't need to know my individual break down of the split)
Stakeholder With Profits Fund (fund price 117.634409 )
Stakeholder European Equity Tracker Fund (139.644316 )
Stakeholder International Fund (115.279107 )
Stakeholder Property Fund (183.635447 )
Stakeholder UK Equity Fund (139.426959 )
Should I stop contribution to With profit fund, and should I be looking at selling all the WP fund and investing the money back into my other funds. Will there be a charge to do this?
Sadly the Property fund is closed to new business, so I can not increase my monthly contribution into this fund. Should put all money equal split into the other 3 funds (european equity tracker, International fund & UK Equity fund)
I know have my SL shares, so I have no need to continue with the WP funds to maintain my membership.
Stakeholder With Profits Fund (fund price 117.634409 )
Stakeholder European Equity Tracker Fund (139.644316 )
Stakeholder International Fund (115.279107 )
Stakeholder Property Fund (183.635447 )
Stakeholder UK Equity Fund (139.426959 )
Should I stop contribution to With profit fund, and should I be looking at selling all the WP fund and investing the money back into my other funds. Will there be a charge to do this?
Sadly the Property fund is closed to new business, so I can not increase my monthly contribution into this fund. Should put all money equal split into the other 3 funds (european equity tracker, International fund & UK Equity fund)
I know have my SL shares, so I have no need to continue with the WP funds to maintain my membership.
0
Comments
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Should I stop contribution to With profit fund, and should I be looking at selling all the WP fund and investing the money back into my other funds. Will there be a charge to do this?
If there is no MVR being levied, the switch should be done free of charge and it is something you need to do.Should put all money equal split into the other 3 funds (european equity tracker, International fund & UK Equity fund)
I would diversify more. Pick some areas you havent already got.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Whats a MVR?
How many funds should I diversify into? any good ones you recommend.0 -
MVR is market value reduction. Its a charge some WP funds have if you try switching out of them at a time that is inconvient to the insurer. I would normaly log in to SLs site and check on my cases but you would need to phone them to check no MVR is being levied.
As for funds, wider the better but with a percentage spread in each that averages out to match your risk profile.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thought may be about investing the WP money equally in these 3 funds:
Stakeholder FTSE* Tracker Fund
Stakeholder Index-Linked Fund
Stakeholder Overseas Tracker Fund0
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