Cavendish does Not offer dwawdown

Alexland

We don't even know the fees for the Vanguard SIPP yet but yes you could move a SIPP from Cavendish to Vanguard if you wanted in future.

If you did an in-specie fund transfer you would avoid time out of the market (so missing any gains or losses occuring at the time) however it is usually easier and quicker to transfer a pension as cash.

The key decision you need to make is the fund then decide the platform afterwards. Choosing the platform first then the fund to match is the wrong way around. The fund is what you are investing your money in and will be the primary driver of financial performance.

Alex

Yanling

Alexland wrote: »

We don't even know the fees for the Vanguard SIPP yet but yes you could move a SIPP from Cavendish to Vanguard if you wanted in future.

If you did an in-specie fund transfer you would avoid time out of the market (so missing any gains or losses occuring at the time) however it is usually easier and quicker to transfer a pension as cash.

The key decision you need to make is the fund then decide the platform afterwards. Choosing the platform first then the fund to match is the wrong way around. The fund is what you are investing your money in and will be the primary driver of financial performance.

Alex

Hi, I just do not like there is no drawdown at cavendish.
on cavandish the fund hsbc global strategy balanced portfolio C Acc , all the charges is 0.54% including buying and selling or any other fees? thanks

AlanP_2

Yanling wrote: »

Hi, I just do not like there is no drawdown at cavendish.
on cavandish the fund hsbc global strategy balanced portfolio C Acc , all the charges is 0.54% including buying and selling or any other fees? thanks

But you don't want to drawdown at the moment do you?

In 10 years time they might well be offering that capability.

Yanling

At cavandish the fund hsbc global strategy balanced portfolio C Acc , all the charges is 0.54% including buying and selling or any other fees? Is it right? thanks
Annual Management Charge (AMC)0.1%Total Expense Ratio (TER)0.19%Cavendish ongoing charge0.05%FundsNetwork Service Fee0.20%https://www.cavendishonline.co.uk/investments/fund-research/

Alexland

The TER includes the AMC see

https://www.moneywise.co.uk/first-time-investor/investing/investment-fund-charges-explained

Yanling

Alexland wrote: »

The TER includes the AMC see
https://www.moneywise.co.uk/first-time-investor/investing/investment-fund-charges-explained[/QUOTE]

Hi Alex,
1) Do you mean the total charge for the hsbc portfolio is 0.19+0.25= 0.45?

https://www.cavendishonline.co.uk/investments/fund-research/
I searched the above website and hsbc global strategy balanced portfolio and it comes out : Annual Management Charge (AMC)0.1%, Total Expense Ratio (TER)0.19%, Cavendish ongoing charge0.05%, FundsNetwork Service Fee0.20%

2) deos these charges include dealing ETFs, ITs and Shares?
Many thanks

Alexland

Hi,

Cavendish do not charge for buying and selling normal funds such as HSBC GS and I assume you will not be directly buying any ETFs, ITs or Shares.

In recent months a new EU directive called MiFID II has been implemented to try and show the transaction costs of the fund manager trading the underlying holding but the data we have seen so far suggests it may not be comparable between fund managers yet.

So for now the cost is 0.25% Cavendish/Fidelity + 0.19% HSBC GS Balanced = 0.44%

Alex.

Yanling

Alexland wrote: »

We don't even know the fees for the Vanguard SIPP yet but yes you could move a SIPP from Cavendish to Vanguard if you wanted in future.

If you did an in-specie fund transfer you would avoid time out of the market (so missing any gains or losses occuring at the time) however it is usually easier and quicker to transfer a pension as cash.

The key decision you need to make is the fund then decide the platform afterwards. Choosing the platform first then the fund to match is the wrong way around. The fund is what you are investing your money in and will be the primary driver of financial performance.

Alex

Hi Alex, Cavendish has over 3000 funds available, Could I invest a few funds as well as hsbc fund? Which funds do you believe might be good? Thank you !

MallyGirl

The HSBC fund is diversified and aims at a certain level of risk. As soon as you start tweaking this by buying other funds then you are making work for yourself to keep the risk profile to something you are comfortable with. Your previous posts suggested that you didn't have the knowledge to do this or any great desire to learn (which is absolutely fine) so you were looking for an easy and hands off solution.

Yanling

ProDave wrote: »

Mine ended up with Aviva (started out with Friends Life) and there was no charge to transfer it out.

Hi ProDave, What would you think of Aviva pension? anything that you do not like? do you know anything about their Ready-made funds?
Many thanks