Okay to split large investment between two multi asset funds?

ArchBair

This article from FE Trustnet might be of interest to those interested in multi-asset funds.

Twenty one multi-asset funds are in the FE Invest Approved list which includes the L&G Multi-Index and HSBC Global Strategy funds as well as a selection of 'active' multi-asset funds.

https://www.trustnet.com/news/770578/the-latest-multi-asset-funds-joining-the-fe-invest-approved-list?utm_source=Trustnet%20Newsletters&utm_campaign=d1b7cf1edd-20171106_Investor11_6_2017&utm_medium=email&utm_term=0_2314bd04ee-d1b7cf1edd-77272609

enthusiasticsaver

I use Halifax share dealing simply because it is cheaper for larger portfolios as they charge a flat fee and not percentage and I am not worried about investing all on one platform. The money is invested in the funds after all so if Halifax went under I would still have the investments.

Audaxer

ArchBair wrote: »

This article from FE Trustnet might be of interest to those interested in multi-asset funds.

Twenty one multi-asset funds are in the FE Invest Approved list which includes the L&G Multi-Index and HSBC Global Strategy funds as well as a selection of 'active' multi-asset funds.

https://www.trustnet.com/news/770578/the-latest-multi-asset-funds-joining-the-fe-invest-approved-list?utm_source=Trustnet%20Newsletters&utm_campaign=d1b7cf1edd-20171106_Investor11_6_2017&utm_medium=email&utm_term=0_2314bd04ee-d1b7cf1edd-77272609

Thanks ArchBair, that's interesting. I would assume VLS funds are already on the list, but I can't see any reference to VLS in the article.

Audaxer

enthusiasticsaver wrote: »

I use Halifax share dealing simply because it is cheaper for larger portfolios as they charge a flat fee and not percentage and I am not worried about investing all on one platform. The money is invested in the funds after all so if Halifax went under I would still have the investments.

I certainly hope that's the case as I also use Halifax Share Dealing. I'm not quite sure how it works exactly but I think the funds are ring-fenced in the name of a nominee company. So they should be safe unless there is a major fraud, and the views expressed by some other posters seems to be that risk of that is very minimal.

Thrugelmir

Prism wrote: »

I think many people are more cautious than they need to be at the start.

If you've never made a mistake when investing. Then you've a lot to learn yet.

Alexland

Audaxer wrote: »

I certainly hope that's the case as I also use Halifax Share Dealing. I'm not quite sure how it works exactly but I think the funds are ring-fenced in the name of a nominee company. So they should be safe unless there is a major fraud, and the views expressed by some other posters seems to be that risk of that is very minimal.

Yup my biggest exposure above the limit is a six digit sipp with Halifax SD invested in VLS. It's a zombie account as I am just contributing enough to cover the fees for the next 20+ years and it will probably be the first pension I draw.

I have been thinking of moving it to an L&G or HSBC fund as we are also now using Vanguard for our ISAs.

Audaxer

Alexland wrote: »

Yup my biggest exposure above the limit is a six digit sipp with Halifax SD invested in VLS. It's a zombie account as I am just contributing enough to cover the fees for the next 20+ years and it will probably be the first pension I draw.

I have been thinking of moving it to an L&G or HSBC fund as we are also now using Vanguard for our ISAs.

Interesting as I'm thinking of opening a SIPP for my wife, but was considering AJ Bell or HL as the drawdown fees from HSD seem high. However as you have 20+ years to go that won't be a problem for you at this time.

ArchBair

Audaxer wrote: »

Thanks ArchBair, that's interesting. I would assume VLS funds are already on the list, but I can't see any reference to VLS in the article.

No I don't think VLS are on this particular list, the 21 funds are all mentioned within the article for instance all three HSBC Global Strategy funds have made the list but only the Balanced and Dynamic have 5 stars. L&G Multi-Index 3 & 5 also come out very well. I don't know why they haven't rated the VLS funds.

Alexland

Audaxer wrote: »

Interesting as I'm thinking of opening a SIPP for my wife, but was considering AJ Bell or HL as the drawdown fees from HSD seem high. However as you have 20+ years to go that won't be a problem for you at this time.

The biggest problem I have is that I am still at least 20 years away from accessing my pots. Having paid for most of the house and contributed nearly enough into my pensions then I have a growing sense that I am just treading water at work to pay for basic living expenses and give my son a good start in life.

I ask myself 'what's the point' and 'why am I doing this' only to realise 'oh yeah, because I have to as I am still 20+ years from retirement'.

I haven't really compared drawdown fees but I have read a few articles that suggest AJ Bell is particularly well placed in this regard.

Alex

DennisTenus

enthusiasticsaver wrote: »

I use Halifax share dealing simply because it is cheaper for larger portfolios as they charge a flat fee and not percentage and I am not worried about investing all on one platform. The money is invested in the funds after all so if Halifax went under I would still have the investments.

Really? Iweb told me it's still only 50k of protection under the provider not the fund manager