friends provident international mirror funds

planteria

there is plenty here..
if you outline what you are tying to achieve people will give you some ideas.
i use an ISA which i have a selection of Funds and Shares in. maybe worth looking at that?

planteria

alongside sorting out the best thing to do with your existing investments.

dunstonh

do not need any tax advice. I just need some inspiration!

Its not you though. its your mother. It could be that bed & ISA is the best route forward. It could be that a chargeable gain needs to be avoided. Or it may be better to assign it now.

i use an ISA which i have a selection of Funds and Shares in. maybe worth looking at that?

Potentially an option as above but his mother would need to make sure the chargeable gain will not impact on her tax position. The product held is on the edge of mainstream (niche) and has specific tax issues.

coxwell

After years of stagnation, I would just like to see a steady increase in the value of the investment because at this moment the value would have increased more if left in a low interest building society account.
How about the Invesco Euro Corporate Bond?

jimjames

coxwell wrote: »

After being shafted by our financial adviser I need to rejig our investments with Friends Provident International mirror funds. I am loathe to pay out any more money to an adviser so I would appreciate any help/advice in choosing the right funds.
Can anybody help????

What did the adviser recommend? How have they "shafted you" and was that all 3 giving the same advice?

Some more info on what has been recommended before might also help.

dunstonh

How about the Invesco Euro Corporate Bond?

As part of a diverse portfolio that could fill your global bond allocation but you would still need 8-9 others to fill the other allocations.

jem16

coxwell wrote: »

I am in France,

But more importantly, where is your mother? Also important - what age is she?

there are no costs payable now only those hidden in unit values, so I believe it to be prudent to keep it going but with wiser choices of investment.

Which is the same for any fund. However that doesn't tell us what the costs of each fund are and whether or not they would be bettered elsewhere.

185k value and Tax is not issue.

If tax had not been an issue then this product would not have been recommended. What is your mother's tax status - is she over the income limit for the age related personal allowance? Are there Inheritance Tax issues? Could there be or is there health care issues?

coxwell wrote: »

After years of stagnation, I would just like to see a steady increase in the value of the investment because at this moment the value would have increased more if left in a low interest building society account.

What value did it start at? Perhaps you could say exactly what funds are being used just now.

How about the Invesco Euro Corporate Bond?

On its own, no.

If you're insistent on doing this yourself, why not look at one of FP's multi-asset funds? Probably would be better than a stab in the dark at single sector funds.

Annisele

jem16 wrote: »

If tax had not been an issue then this product would not have been recommended.

Since OP says his mother's complaint has been upheld, I'd amend that slightly and say it should not have been recommended unless there were tax issues - but your point stands.

I still don't really understand why OP wants to keep the tax wrapper - but since we don't even know where his mother lives, it's pretty difficult to make any guesses about her tax position.

jem16

Annisele wrote: »

Since OP says his mother's complaint has been upheld, I'd amend that slightly and say it should not have been recommended unless there were tax issues - but your point stands.

The complaint could have been upheld on the investments being above the OP's mother's risk profile but yes it's possible that the incorrect tax wrapper was used.

I still don't really understand why OP wants to keep the tax wrapper - but since we don't even know where his mother lives, it's pretty difficult to make any guesses about her tax position.

I suspect that the OP doesn't really know what the tax wrapper is and what it entails.

coxwell

I am fully aware what the product is. TAX IS NOT AN ISSUE. The product is over 10 years old and bought and paid for but it needs to grow in value. I am looking for inspiration with regard to choice of mirror funds to hold in a balanced portfolio from those available within the Friends Provident International funds on the IOM. I would just like to have some opinion on the funds available from members of this forum rather than trust an uknown IFA as my 3 experiences with them so far have been attrocious.