Vanguard Life Strategy

takesyourchances

The new HL costs are proving to be a pain in the side for many of us here :wall::think:

I was reading on other topics there with people with the VLS talking about selling and re-opening with other providers etc.

I think this may be a standard thought by many, I really don't want to sell to cash to do this and take away drip feeding and pound cost averaging so far and want to carry on with the VLS and side funds I have.

I have nearly £7000 in the VLS in my S&S ISA with side funds so the cost will affect in the long term. I am a year into investing into the S&S ISA with very long term views.

I have a small SIPP with HL started with the VLS 80% maybe it can stay put until it reach's £5000 plus.

At the moment I am not sure on what to do with this ISA set up.

VLS 60%
Standard Life Global Smaller Companies
Marlborough Multi Cap
First State Asia Pacific Leaders
First State Global Emerging Markets
Aberdeen Global Asian Smaller Companies
Aberdeen Japanese Smaller

I think I will stay put with HL to the new tax year, but the new costs is really going to increase and eat away as the S&S ISA increases in value.

Many of us will be in the same boat on this with HL so hopefully this topic can help on alternatives and the process. I have not looked deeply into it all yet and like many it is pretty confusing at the moment. Charles Stanley I think I read could be an alternative would that be true?

By the sounds of it on here an awful lot of money is going to be departing from HL with I am sure they are going to notice, I like their web site and ease of use, but these costs are not good and will present problems.

Hopefully towards the new tax year the murky waters come a bit more clear!

Thanks.

Gaaraz

I'm probably going to keep my other funds inside HL for now, but for someone with £20k in VLS in a S&S ISA, which platform would you guys recommend moving to?

JohnRo

iWeb perhaps, if the fund you want is even available with them and you can live with their web portal, which isn't as bad as some.

The platforms charging 0.25% will cost your investment £50 a year.

I wouldn't be in too big a hurry to move anywhere just yet, seems to be a fair chance there may be more changes before things look settled, even amongst those who've already moved early on their RDR pricing structures.

takesyourchances

That's true John on maybe more changes to come.

I will not knee jerk to it and let the dust settle on things and see what is best over the coming months.

If HL are that expensive with the changes compared to a lot of other platforms I wonder if they will look at their pricing again if a lot of money will depart from them because of it. What are the chances? :)

TCA

takesyourchances wrote: »

If HL are that expensive with the changes compared to a lot of other platforms I wonder if they will look at their pricing again if a lot of money will depart from them because of it. What are the chances? :)

Not everyone pays as much attention as us forumites do and there will also be plenty inertia out there. HL will be counting partly on that but they'll have done their sums. Wouldn't imagine they'll be having a rethink any time soon.

grizzly1911

takesyourchances wrote: »

That's true John on maybe more changes to come.

I will not knee jerk to it and let the dust settle on things and see what is best over the coming months.

If HL are that expensive with the changes compared to a lot of other platforms I wonder if they will look at their pricing again if a lot of money will depart from them because of it. What are the chances? :)

I have read that the new fee structure means they are losing revenue and will actually need to put on volume to compensate.:eek:

Gaaraz

It'd be so nice if Vanguard stepped up now and created their own low cost platform for the UK, like they have in the US.

I know they have something in place now, but the £100k minimum means it's out of reach for most people, and the fact they won't let you hold an ISA with them is also very limiting.

innovate

Vanguard own charges are higher than Charles Stanley's for the vanguard funds. Not sure how CS can offer them so cheap.

MadMat

I currently hold VLS80 in an ISA with HL. and the new charges are worrying me! Currently under the 5.3k level so will actually be paying less for a little while, but as I have regular monthly savings going into the ISA it will soon be over

Does anyone have a list of what other ISA providers have the vanguard funds?

Mat

GreenTricky

According to this I should be off to Charles Stanley, not sure how up to date is it though and doesn't include HL as they refuse to provide data

http://www.comparefundplatforms.com/home