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S&S ISA Platforms
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Yanling
Posts: 124 Forumite

Hi, I am having S&S ISA with Vanguard on VLS founds, to reduce the risk of a platform, should I apply to another platform such as AJ Bell on HSBC global strategy, then invest in turn yearly? Many thanks!
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Comments
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How much are you going to be investing?0
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Probably not. If Vanguard were to become insolvent (which is not going to happen), you'd potentially lose the ability to access your investments for 6-12 months while Vanguard UK is in Special Administration. But you have FSCS protection up to £85k should there be any loss of your assets as a result.
Since you'll be investing for the long term I presume, this will be no more than a temporary inconvenience.
Eventually your investments may reach the value where you have to start worrying about whether £85k of FSCS protection is enough to cover your potential losses in that situation. For example, recently failed investment providers have seen administration costs of up to 10% (though it's been capped below the FSCS limit in at least one case). Triple that to give a good safety margin and you'd maybe want to split your investments between two providers when they approach £250k.
The other risk to consider is the risk that the asset allocation in VLS isn't optimal, and you might want to opt for a single platform like AJ Bell where you could hold both VLS and HSBC Global Strategy to hedge your bets.0 -
the isa allowance. thanks0
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Hi, I am investing isa with Vanguard monthly, VLS 60 for £366, VLS 80 for £1000, VLS 100 for £300, and I am going to work for another 10 years. also I am having pension with HL monthly, Blackrock consensus 85 for £250 , L&G international index £500, L&G UK index £50.
I am not sure if it is a right choices. Please give me some advise. Many thanks indeed!0 -
Why buy 3 VLS funds when what you will end up holding overall will be more or less equivalent to VLS 80?0
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Hi, Does one fund pay less platform fee and other fees than having 3 funds? What is major reason to have just VLS 80? Thanks
There is no cost difference holding one fund, three funds or hundred funds.
The VLS funds are a fund of funds. i.e. they hold multiple funds within them to allow you to match your risk profile. They are designed to held as a single fund. There is little or no point holding multiple VLS funds. Your spread of three effectively gives you the same as VLS80 does by itself and is completely pointless.0 -
Hi, compare Blackrock 85 and HSBC global strategy balanced or dynamic , which one is better? Blackrock is less charge than HSBC ones with HL.0
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Probably not. If Vanguard were to become insolvent (which is not going to happen), you'd potentially lose the ability to access your investments for 6-12 months while Vanguard UK is in Special Administration. But you have FSCS protection up to £85k should there be any loss of your assets as a result.
Since you'll be investing for the long term I presume, this will be no more than a temporary inconvenience.
Eventually your investments may reach the value where you have to start worrying about whether £85k of FSCS protection is enough to cover your potential losses in that situation. For example, recently failed investment providers have seen administration costs of up to 10% (though it's been capped below the FSCS limit in at least one case). Triple that to give a good safety margin and you'd maybe want to split your investments between two providers when they approach £250k.
The other risk to consider is the risk that the asset allocation in VLS isn't optimal, and you might want to opt for a single platform like AJ Bell where you could hold both VLS and HSBC Global Strategy to hedge your bets.0 -
Hi, I am going to just invest VLS80. thanks0
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