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Transfer to SIPP to save on management fee?
Comments
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Albermarle wrote: »However as you originally said by switching you can then access much lower charging ( but riskier ) ETF's/tracker funds. If you do switch then maybe worth considering not putting the whole £300K into potentially volatile investments , like ETFs. For a small increase in charges you could invest in passive multi asset funds as well. These would be less risky.
I just had a quick look at some AJ Bell passive multi-asset funds eg. "Passive Global Growth" fund and its top holdings are all actually ETFs anyway! So it might be less risky in that I might chose a worse performing portfolio of ETFs but is it enough to justify the management charge markup (the ETFs have individual charges less than 0.1%, the passive fund has a 0.5% charge)? I assume I'd be paying for (a) their knowledge of what balanced portfolio is most likely to achieve the objectives and (b) their probably faster ability to respond to global events to change the portfolio balance.0 -
the passive fund has a 0.5% charge)I assume I'd be paying for (a) their knowledge of what balanced portfolio is most likely to achieve the objectives and0
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There are better-priced multi-asset funds on the UT/OEIC side. HSBC Global Strategy. Vanguard Lifestrategy, L&G multi-index to name just a few. There are more.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.0
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