Aegon historic mini equity ISA

roytom

I’ve had this product since the year 2000. It started off as a Nationwide mini equity ISA but got moved around by them and ended up with Aegon, who appear to be terrible managers/investors as the value dropped dramatically during a recent six month period.

Therefore I want to move it elsewhere. Any suggestions please?

droopsnoot

Doesn't the performance depend on what funds you hold inside the ISA, rather than the manager? I wasn't terribly happy about it moving to Aegeon, but that's because of some petty row I had with them about a pension.


I've got a similar thing, started around the same time as you with Nationwide, one of the funds dropped by about 45% by 2003, but the value now is slightly more than double the cash value I invested. In the first four months of this calendar year it's grown a little each month. It's not a stellar performer by any means, taking almost 20 years to double, but I don't the same performance you do.

Which funds are in your ISA?

dunstonh

, who appear to be terrible managers/investors as the value dropped dramatically during a recent six month period.

Aegon is just an investment platform. Not the fund manager. The investment returns have nothing to do with Aegon. Aegon is not whole of market but it has around 1700 UT/OEIC funds. So, pretty much most mainstream funds available. Also, the investment fund hasnt changed after it moved from the Nationwide (Cofunds) software to the Aegon software.

Therefore I want to move it elsewhere.

Before you move it, you need to understand what you have. Otherwise going into the same or similar elsewhere will result in the same outcome next time the markets fall.

Oct to Dec 2018 saw around a 16% drop on the markets (varied with area). That is a relatively small drop compared to what you would have seen in 2015/16 and especially 2008/9 and between 2001-2003.

So, why is this drop dramatic to you but the larger drops you have had in the past not?

roytom

Thanks for the replies.
The total in my ME ISA shows a drop of about 11% between May and November 2018.
My funds are with-
L&G (N) Tracker Trust A Acc
L&G Uk Select Equity A Fund Acc

Furthermore, my latest statement, March 2019, shows charges reduced my investment growth by 1.69%. I believe I should be paying these directly rather than them coming out of my tax free investment?

The total charges were hundreds of pounds. Nationwide appear to still get commission - Aegon couldn’t answer this and referred me to NW. NW said it’s up to Aegon to answer this.

Aren’t these charges very high?

AnotherJoe

You are 100% invested in the UK.
Why? Oh why oh why oh why.

There's your problem. Whoever chose this selection and left it like that for near on 20 years.

FWIW for comparison, I have a SIPP invested 100% in global trackers, less than 5% UK, just had a look, between 1 May and 1 Dec 2018 it rose 6%.

Same period the FTSE All share fell by 8%.

dunstonh

The total in my ME ISA shows a drop of about 11% between May and November 2018.

That would be about right considering the falls in Autumn/Winter.

Furthermore, my latest statement, March 2019, shows charges reduced my investment growth by 1.69%. I believe I should be paying these directly rather than them coming out of my tax free investment?

Fund charges come out of the fund. It is possible to pay some platforms their charges outside of the ISA.

The total charges were hundreds of pounds. Nationwide appear to still get commission - Aegon couldn’t answer this and referred me to NW. NW said it’s up to Aegon to answer this.

Commission no longer exists. Your charges disclosure would state any charge that Nationwide are getting.

However, The (N) version of the L&G funds has a higher charge on it and Nationwide receive the difference.

Aren’t these charges very high?

They are Nationwide versions of the funds. So, they would be more expensive than the whole of market version.