Pay HSBC, an IFA or track my skandia CRA?

Hungerford

I have about £50,000 that I want to lock away as ISAs, as well as the same again with HSBC Global investment centre ISAs and a collective retirement account pension with skandia with 20 funds that gets reviewed every 6 months...I am happy with the performance of all these funds.

With the £50,000 I will want to invest, I am wondering if I could do better by getting an IFA to advise...or I'd I could just track the skandia recomendations...

jimjames

Not sure on the question but you can only put just over £11k into an ISA so that will take you 5 years to do.

If you are happy with the performance and funds you have then I can't see any need to pay out a wedge of cash for an IFA to advise you on them.

grizzly1911

ISA limits as jim says. The remainder could still be invested and B&B successively.

Again if you are happy with performance of Skandia portfolio why deviate. 3% upfront and 0.5% pa take some recovering.

Can you deal direct with Skandia platform or do you have to route through an intermediary account (and associated fees)? Could you obtain a DIY deal cheaper for your new investment?

dunstonh

Pay HSBC, an IFA or track my skandia CRA?

You wouldnt pay HSBC. That is just a waste of money.

.or I'd I could just track the skandia recomendations...

Skandia do not make recommendations. However, if you mean copy the IFA recommendations, then you can do that but you get no consumer protection on that. If would be classed as DIY. You cant deal with Skandia directly and keep the IFA. It is one or the other.