Novia Global Platform

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I am living and working abroad and want to do something with my savings. I have been offered the Novia Global Platform off shore investment which will allow me to invest while I am out of the UK.
The intermediary is quoting me a 2% transaction charge on each transaction I put into the fund plus a 1.5% annual charge. Does this sound like a good deal? does anybody know if I have any other options to invest while I am out of the UK?

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  • dunstonh
    dunstonh Posts: 116,594 Forumite
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    Does this sound like a good deal?

    By UK standards no. However, by offshore standards it is normal.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • EdSwippet
    EdSwippet Posts: 1,589 Forumite
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    edited 29 September 2016 at 11:26PM
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    Rekw2000 wrote: »
    The intermediary is quoting me a 2% transaction charge on each transaction I put into the fund plus a 1.5% annual charge. Does this sound like a good deal?
    Not to me. I would think you can do quite a bit better than that.

    Interactive Brokers is keenly priced -- particularly for DIY passive investors -- and has a good reputation among the internationally mobile. TD Direct Investing International and perhaps Saxo Capital Markets may also be worth a look.

    If you want help selecting investments to hold in these brokers it will very likely be much more cost-effective to pay one-off charges for separate advice, either flat-fee or per hour.
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