cavendish online charges (fidelity)

jimjames

Sue58 wrote: »

Thank you for your response as always, however I have been told by a few people and in fact read on this forum that iWeb is not a great platform but others say its fine - why such contradictory comments?

Is the the website design, customer service or what?

It might be useful if you can find some links to those comments as I've not seen them. I've been with them a couple of years and very happy with service especially the amount it saves me. Yes it's not quite as functional and pretty as other sites like HL but it's just as easy to use, if not more so, than Fidelity for example.

bigadaj

jimjames wrote: »

It might be useful if you can find some links to those comments as I've not seen them. I've been with them a couple of years and very happy with service especially the amount it saves me. Yes it's not quite as functional and pretty as other sites like HL but it's just as easy to use, if not more so, than Fidelity for example.

The only real criticism I've seen, apart from the basic website, is from a few years ago when they imposed the £200 opening fee.

Obviously interactive investor is a different story.

mr._prude

On looking up funds on Cavendish for charges they quote an AMC and a TER. Not sure which is the fund charge? TER nevers adds up to platform charges plus fund charge? Is one if held in a pension. Confused

jimjames

bigadaj wrote: »

The only real criticism I've seen, apart from the basic website, is from a few years ago when they imposed the £200 opening fee.

Obviously interactive investor is a different story.

The recent website update has been a really big improvement for me. It would still be nice to have better performance info and links to data like HL do but when that would cost me hundreds per year I can live without it. The return calcs still don't work that well if you've transferred funds to them as it uses a base price of zero so any purchases get averaged with that which gives a very low buy price inflating profits.

mr._prude

Bit confused about this too.

My simple understanding of dividends is as follows. If a fund pays out a yearly dividend of say 5% and I have say £10k in that fund. It would pay out £500?

A lot of Cavendish funds infomation dividend history has no recent payouts. Does that mean the fund has stopped paying dividends?

Also it is expressed as ratio of share amount / reinvestment price. It seems lower %?

jimjames

mr._prude wrote: »

On looking up funds on Cavendish for charges they quote an AMC and a TER. Not sure which is the fund charge? TER nevers adds up to platform charges plus fund charge? Is one if held in a pension. Confused

TER is another way of expressing AMC for a fund. The Platform charge is completely separate. The total fee is the TER plus platform charge.

mr._prude wrote: »

Bit confused about this too.

My simple understanding of dividends is as follows. If a fund pays out a yearly dividend of say 5% and I have say £10k in that fund. It would pay out £500?

A lot of Cavendish funds infomation dividend history has no recent payouts. Does that mean the fund has stopped paying dividends?

Also it is expressed as ratio of share amount / reinvestment price. It seems lower %?

Do you have a link to an example? Not all funds pay dividends so it depends which one you're looking at. But your calc is correct with the 5% paying £500 on £10,000

mr._prude

@jimjames thanks for this info

A fund I was considering

Schroder Income Maximiser Acc Z
It's dividend was quoted as 4-5% but Cavendish fund search info has no dividend data since jun13?

It's got a TER is 0.91% so adding service charge 0.2% and platform charge 0.05%. That's 1.16% in total charges?

Holmesy999

I wouldn't say Fidelity's website is anything fancy - it does the job, easy to log in, easy to set up monthly debit or a purchase, but I'm not getting any giddy thrill using it. It does enough of what it is supposed to do.

If you transfer platforms, do you need to hope the next platform has the fund, or should you sell up, cash park and isa transfer? One of my funds is a fidelity which I assume (rather stupidly) is cheaper with Cavendish/fidelity and will be slightly higher fee with iweb

badger09

Holmesy999 wrote: »

I wouldn't say Fidelity's website is anything fancy - it does the job, easy to log in, easy to set up monthly debit or a purchase, but I'm not getting any giddy thrill using it. It does enough of what it is supposed to do.

If you transfer platforms, do you need to hope the next platform has the fund, or should you sell up, cash park and isa transfer? One of my funds is a fidelity which I assume (rather stupidly) is cheaper with Cavendish/fidelity and will be slightly higher fee with iweb

When changing platforms, rather than just hope:cool:, you should check whether your new platform offers the fund you want to be transferred. Some posters have reported success in asking the new platform to add your fund to what they offer, but when I tried that (L&G Multi Index) IWEB said they couldn't because it didn't meet UCITS regulations.

If they don't and you find something similar which meets your needs and which they do offer, then sell up to cash park and ask new provider to transfer.

MPN

Cavendish have now reduced their pension rate to 0.25% in line with the S&S Isa rate.

The rate is reduced further to 0.20% for total investments (pension, isa etc) over £200K.