Advise Needed (novice)

distraught_traveller

HI,

I have two Henderson (New Star) stocks/shares ISA's one on my name the other on my wife's, one setup over 9 years ago, the other about 5. The primary reason for them is to help my two children (10/5yr) in their education, i,e uni fee's.

One of them has around just under 9k the other I believe just over 4k.

The money that's paid into them is that what we receive from child benefit each month, sometimes topped up with birthday money.

What I want to know will it be a good idea to do a transfer to a different ISA if the current provider will allow?

Also any other valuable advise will be most appreciated.

Thanks in advance.

Lokolo

You can transfer to another provider or even better, someone like Hargreaves Lansdown, if you want. The advantage is that you will have a better range of products to choose from.

Are you using the New Star Fund of Funds?

distraught_traveller

Lokolo wrote: »

You can transfer to another provider or even better, someone like Hargreaves Lansdown, if you want. The advantage is that you will have a better range of products to choose from.

Are you using the New Star Fund of Funds?

Correct, when New Star was taken over the funds were moved aswell. I will look into Hargreaves Lansdown.

Thanks

Lokolo

Yeh I have Tactical Portfolio A, which has completely underperformed unfortuantely.

I have this fund with HL.

jimjames

By moving to another provider like HL you will get any new funds you buy at 0% initial charge. It's crazy but going direct is more expensive than going via a broker like HL.