Investment Housekeeping - is my thinking correct?

[Deleted User]

Following much reading here, I took the decision two years ago to move my relatively small investments (SIPP of c£180k) from a wealth mgmt company (AFH Group, who I had been with since 2012) and Suffolk Life SIPP Platform) to II.  Having calc'd/compared the fees (annual & lifetime of invenstments) I concluded that AFH was delivering an (at best)  no better performance than a managed mixed fund such as (other funds are available) Vanguard.  As you all know II charges £19.99 a month, £10 of which provides the SIPP platform and I get 1 free trade a month.  So I decamped to II and opted for the Vanguard Inv UK LT LifeStrategy 60% EQUITY.  That was stage 1.  I recognise that I i need to do much more learning re investments but struggle with time (long hours & elderly parent care) so I do accept that having a multi fund suits me.  HOWEVER, if there is any additional research that anyone feels I need to do IMMEDIATELY please speak up.

STAGE 2 - Housekeeping?

i) I also hold a Fidelity S/Share ISA c £50k (a European Accumulation fund) that I know I am too sentimental about as it was originally my beloved late mother's Tessa (remember then) and actually has performed very well.  Current Fidelity Management Fees are 0.35% wuth no exit  fees.  Should I transfer this to II & save the £182 in fees?   I would at this point like to retain the actual investment ie the Fidelity European W-Accumulation (UK) and it is listed on the II available funds.
QUESTIONS: 
Am I missing any glaring disadvantage to moving the investment to II platform and saving the Fidelity fees
Anyone have strong feelings against the Fidelity European W-Accumulation (UK) fund?   (ie just thoughts on fund itself as opposed to it being right for me....as I have not listed my circumstances)

ii) I also hold £85k S/S ISA in a Mixed Portfolio 40 - 85% shares which has an ongoing mgmt charge of 0.95%  but no exit fees   Again, Id like to move to move to II to save mgmt charge BUT also also look at different funds - where do I start my research?

Thank you 
(If this thread has not broken you all, I have also posted a separtae question re my Dad wanting to move is Income Off shore Bond managment from AFH Group as well)

[Deleted User]

any thoughts people?  Thanks

underground99

1) a wealth manager product after fees may not be better for performance or volatility than an equivalent risk, packaged fund with lower fees, though it can be hard to compare directly.  You mention it was no better than 'a managed mixed fund such as Vanguard' but of course there are a large number of managed funds available across the risk spectrum, with rival fund management groups approaching the task in different ways. You are asking about what other research you should do.

Other than deciding you don't want a wealth manager service and you want some sort of mixed asset fund, and that you have struggled to make time for learning, and you don't even know where to start your research to replace the NFU mixed asset fund... have you just picked Vanguard 60% out of a hat?  Presumably you don't need to decide IMMEDIATELY to invest in that product, as the world won't stop tomorrow if you don't decide. Why not take a bit longer to think around the topic?

2) There is no real disadvantage to moving a fund to a platform you are already using which wouldn't charge you any incremental fee to add it in. It would save you some platform fees to use it.  The potential disadvantage is that in the unlikely event of a platform problem or failure, you might have preferred to be running two separate pots so that you could still access money from one of them while the problem gets sorted out.  But you may prefer to save the fees.

There are all sorts of funds that invest in Europe in a variety of styles. You have said you are going to put £180k of your pension money into a mixed asset fund that invests broadly around the world. If you use VLS60 it might have about only about £10k out of its £100k of equities be in European equities. Presumably whatever you put your £85k NFU Mutual mixed asset money into, would have a similar low level of European equities within its overall total.

Having another £50k in European equities in a separate ISA fund on the side is a strong indication that you think the asset allocation that could be provided by a fund such as Vanguard or other 'mixed asset' rivals is not right for your overall goals and objectives, because you want a massive Europe allocation which typical mixed asset funds don't provide.  However, you have admitted that you need to do much more learning and are swayed by sentimentality. So you could quite possibly be making a strange choice that gives bad results.  But you said you don't want comments on it being 'right for you' because we don't know your circumstances. There seems little point in us saying whether we like the Fidelity fund because we don't know what you are using it for. I don't use it myself.

Thrugelmir

You need to put the sentimentally aside and decide how £50k in a European Accumulation fund fits in with your portfolio. Multi asset funds are intended to be one stop. Allowing the fund manager to rebalance for you. If you've neither the time or inclination to manage your own portfolio. Then consolidation and simplification may well be a better route to take.