iii introducing quarterly £20 charge

gingellr

gadgetmind wrote: »

They are still a good place to hold such funds as long as the portfolio is pretty much just that one fund. My wife's SIPP is now with HL and is 80% in Vanguard Lifestrategy 100% equities, with the rest being in bonds.

Yes indeed it depends on the funds you are interested in, just the HSBC funds i was looking at would of cost £2 per line of stock per month each so i would of been paying £48 per year for them to just hold my stock.

ses6jwg

think im going with selftrade

victormeldrew2

Rob_192 wrote: »

I use Sippdeal for exactly this type of strategy - notwithstanding their name, they offer Sipps, Isas and trading accounts. I've only been with them a few months, but have found everything very straightforward and no problems to date. They are part of A J Bell the stockbrokers.

R

But they don't do divi re-investment...just counts as regular monthly investment and only on FTSE350 shares some ETFs and basically any IT within FTSE350

guitarman001

Not many other platforms that let you buy Vanguard funds without some sort of admin fee, though... unless I'm wrong?

£2 a month, £24 a year. One less meal out, hey ho.

I never knew the Life Strategy funds were already available - thought it was in July through HL! Might apply at the weekend for their ISA. Hopefully wont want me to send in ID etc by post.

victormeldrew2

Have probably settled on X-O.

Sent a Building Soc cheque 2nd class stamp for daughters ISA on Wed and was credited to deal when I logged in this morning. Quiet efficiency (famous last words - I hope not)

No regular investment or divi-reinvestment but if I set up a standing order to fund the account and add divis received then I should be able to invest every other month at less than 1% with only £6 to sell. It is still important even for those of us who look to build portfolios of, for example, Investment Trusts, that we factor in the full cost of purchase and sale.
For those who are looking at tracker funds, don't overlook physically backed ETFs which can be traded through a basic stockbroker (like X-O) and where there are potentially less cost/change implications because they are not platforms like TDDrect, HL, Cavendish etc

gingellr

guitarman001 wrote: »

Not many other platforms that let you buy Vanguard funds without some sort of admin fee, though... unless I'm wrong?

£2 a month, £24 a year. One less meal out, hey ho.

I never knew the Life Strategy funds were already available - thought it was in July through HL! Might apply at the weekend for their ISA. Hopefully wont want me to send in ID etc by post.

As I said it would of cost me £48 per year and if I would off added another then would of been £60 per year etc, and why pay that when it will cost nothing elsewhere, so don't see your point and anyway I would rather have a free meal out than pay it in fees.

agal

Sent my transfer form to HL today.

It wasn't the new charge which wouldn't have affected me.

It wasn't the late payment of dividends which I've got used to.

The hint of financial difficulties at II had got me thinking, but....

What finally galvanised me into action was II not sending me the e-mail about waiving exit charges. I hold 17 stocks so either £170 to sell and transfer as cash or £255 to transfer as stocks. Obviously they are hoping that people who hadn't complained, like me, might still stay if they thought there would be a large exit charge.

gingellr

agal wrote: »

Sent my transfer form to HL today.

It wasn't the new charge which wouldn't have affected me.

It wasn't the late payment of dividends which I've got used to.

The hint of financial difficulties at II had got me thinking, but....

What finally galvanised me into action was II not sending me the e-mail about waiving exit charges. I hold 17 stocks so either £170 to sell and transfer as cash or £255 to transfer as stocks. Obviously they are hoping that people who hadn't complained, like me, might still stay if they thought there would be a large exit charge.

That's really bad if II are only sending the email to those of us who complained they should send it to all the account holders. Very underhand if not in my opinion if that's what they are doing.

guitarman001

gingellr wrote: »

As I said it would of cost me £48 per year and if I would off added another then would of been £60 per year etc, and why pay that when it will cost nothing elsewhere, so don't see your point and anyway I would rather have a free meal out than pay it in fees.

Yeah, poor show if you hold more than one fund. That's why I'm glad for this Vanguard Life Strategy fund. One fund and that's my entire investment strategy.

gingellr

guitarman001 wrote: »

Yeah, poor show if you hold more than one fund. That's why I'm glad for this Vanguard Life Strategy fund. One fund and that's my entire investment strategy.

That's good, and why certain brokers are suited to our individual needs so it's nice to have the choice.....as long as they don't all start changing their charges like II did of course!