Cheapest place to hold passively managed funds inside an ISA

tm_simpson

Quick question

I am holding the following passively managed index tracking accumulation funds in an ISA with Fidelity. Below are the TERs on the fund factsheets.

Fid FIF MoneyBuilder UK Index Fund
Annual management Charge (AMC) 0.1% Total Expense Ration (TER) 0.3%
HSBC American Index Fund (Retail)
AMC 0.25% TER 0.26%
HSBC European Index Fund
AMC 0.25% TER 0.31%
HSBC Japan Index Fund
AMC 0.25% TER 0.29%
HSBC Pacific Index Fund
AMC 0.25% TER 0.37%
Legal & General Global Emerg Markets Acc
AMC 0.65% TER 0.99%

Which is the cheapest provider to hold these funds with? I think it maybe with HSBC Global Investment Centre, as most of the funds I hold are actually HSBC products.

Any help much appreciated. Thanks

gadgetmind

My wife uses Vanguard trackers in her BestInvest ISA, but this is because she's got several years of subs in there so the £60 pa is insignificant.

HSBC trackers don't trigger this £60 at BestInvest, so that's not a bad option.

Have you looked at the HSBC Class C trackers?

http://monevator.com/c-class-hsbc-index-funds/

psychic_teabag

Have you seen https://forums.moneysavingexpert.com/discussion/3153942 ?

I'm wary of Best right now - they have an exit fee for their ISA, and if costs change with the RDR, you might want to move again.

Cavendish is pretty cheap - you're already with Fidelity, so AFAIK it's just a case of re-registering the agent. Cavendish have some arrangement where they waive the £45 annual / switching fee.

gadgetmind

psychic_teabag wrote: »

I'm wary of Best right now - they have an exit fee for their ISA, and if costs change with the RDR, you might want to move again.

Platforms that have suddenly increased fees have usually ended up agreeing to wave transfer and closure charges.

I also got £500 out of BestInvest for moving to them, so I reckon this covers a few fees later on!

SnowMan

gadgetmind wrote: »

M

Have you looked at the HSBC Class C trackers?

http://monevator.com/c-class-hsbc-index-funds/

Oooooh how exciting, a mention on the great Monevator blog :T

I do hope what HSBC told me turns out to be right or I might be referred to as the MSE forum numpty rather than the MSE forum Sensei :rotfl:

They are making some other changes to the Global Investment Centre in 2012 see here, so it will be provided by HSBC Bank rather than HSBC Trust Company (UK) Ltd.

Now I imagine the changes that they make will be done at the same time as the C class units being added in.

As they are going to give 30 days notice of the other changes then I would expect to hear something fairly soon or else we will be within 30 days of when the changes are supposed to be taking place in mid November.


tm_simpson you do know that the HSBC Global Investment Centre don't allow you to transfer ISAs in at the moment?

gadgetmind

SnowMan wrote: »

Oooooh how exciting, a mention on the great Monevator blog :T

Woohoo, but don't let fame melt your head.