VLS100 and 60

Albermarle

 considering the 85k FSCS limit at each. 

These platforms and funds are not banks, undertaking potentially risky lending and investing. So the £85K limit should not play a major part in your investment strategy. Many posters on here have many hundreds of thousands with just one platform , or two at most.

Linton

lescarp88 said:

This is an interesting thread. I've got a similar strategy with different buckets in VLS20 (£10k), VLS40 (£14k), and VLS80 (£14k) on Vanguard platform, plus VLS60 (£32k) and Capital Gearing Trust (£40k) on iweb. The intention is to have 'lower-risk' investments in case I need earlier access to funds, but I can't help thinking I've got myself into a right mixup.

Any ideas on how to implement a 'bucket' strategy across different platforms? considering the 85k FSCS limit at each. Or is it more optimal to consider the overall asset allocation and possibly drawdown from that if needed?

I was thinking of consolidating to VLS60 on iweb for lower flat fees. Also, maybe having CGT on x-o platform.

Would rather not pay 0.25% platform fees plus fund costs. Hargreaves and AJ Bell both seem to have quite high transaction fees.

Operating a bucket system over multiple plaforms can be messy and so should be minimised as far as possible.   I run mine over 4 (2 X S&S ISAs and 2 X SIPPs).  If you insist on keeping each bucket or each fund on a single platform then rebalancing can present major problems since it is difficult to move cash from one platform to another or, as in my case, impossible.  Therefore you may eventually get to the point where every fund and bucket is represented on every platform or you have to rationalise everything from time to time.  In my view these practicalities are more important than a fraction of a percent in costs.

However in your case I do not think it is necessary.  FSCS guarantees are pretty irrelevent  for mainstream funds or individual shares held on regulated platforms since, unlikle bank deposits, your money is held separately to the platform's or fund manager's.   It is not easy to think of realistic circumstances when FSCS protection would apply.  There are many threads discussing this.