Transfer £25k FTSE ASX Tracker ISA?

brianfall

I'd be grateful for any advice.

I have £25k in a "L&G UK Index Trust I Inc" FTSE ASX Tracker ISA with Aegon.

They are charging me: 0.7% pa for the first £10k, 0.35% pa for the next £10k, and 0.25% pa for anything after that, which is working out at about £9.50 per month.

I see that Hargreaves Landsdown have the L&G FTSE ASX Tracker and only seem to be charging 0.1% although I'm not sure if this is available as an ISA

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/l/legal-and-general-uk-index-class-c-accumulation

This is going to sound like a stupid question, but if it is available as an ISA, and I transfer my £25k worth of shares from Aegon to Hargreaves Lansdown, will I be getting the shares at the price I paid for them when I bought them (between March and October this year), or will I be re-purchasing them at the price they are now (i.e. quite a bit higher?)

Many thanks!

grumiofoundation

HL will also charge you a platform fee - 0.45% so although cheaper than L and G will not as much of a saving.

If you transfer in specie (without selling investments and then rebuying) which you should be able to do  (see link below) then you will never be out the market.
https://www.hl.co.uk/investment-services/transferring-your-existing-investments/frequently-asked-questions


On a more general point - why are you limiting yourself the the UK stockmarket? Have you looked into diversifying?

You are already at 100% equities but are adding additional risk but unlikely to be adding more reward by concentrating in one country. 

If you look at the returns of the FTSE all-share (what you are tracking) versus a global index you will see the UK has lagged recently - obviously who knows if this will continue...?
https://www.vanguardinvestor.co.uk/articles/latest-thoughts/investing-success/why-it-is-so-important-to-diversify

Albermarle

The L&G index trust is not a share(s) but an Open ended Investment Fund . Basically a mix of different shares in the UK index .
As alternative to HL , you could look at Fidelity ( o.35% ) and Aj Bell ( 0.25% )