Interactive Investor are they any good, beginning to have doubts

noclaf

Alexland said:

Thrugelmir said:

ETF's while cheap fee wise do have disadvantages. As with any investment enter with your eyes wide open. Investment banks will create ETF's for absolutely anything if it generates them profit. Likewise change the remit if neccessary without prior warning. 

There are some pretty wacky traditional funds too which are also best avoided. Obviously there are a number of things to understand about selecting ETFs such as ensuring there is physical replication, going for the large ones with small market spread, maybe going for Ireland domicile for the advantage on US dividends, etc but overall there is no generally accepted problem investing in a sensibly chosen ETF.

I've recently sold my holding in LCWL  (AJ Bell LISA) and will be switching to a Vanguard ETF (VWRP) partly for the reasons mentioned above, I would rather use an established player (no disrespect to Lyxor who aren't exactly small) even if it means fee's will increase from 0.12 to 0.22, the annual platform charges are capped for ETF's anyway and as the overall investment value increases (long-term hopefully!) I feel more at ease using a large firm like Vanguard.
I did look into iShares btw but due to work-related reasons am not permitted to hold their products.

segovia

https://www.youinvest.co.uk/market-research/LSE:HMWO 

HSBC 0.15% fees 

Alexland

Albermarle said:

I was able to confirm that the £45 for the ETF/IT part is a cap across both SIPP and ISA and it is charged in proportion to what is held in the SIPP and ISA.

Interesting thanks for checking I didn't know they did that but still it makes sense to keep our ISAs at iWeb as it gives platform diversity, iWeb have no ongoing charge for GIA/ISAs anyway, iWeb charge half as much for trades and I would rather the £45 pa is deducted from my SIPP as it's tax advantaged and less that will count towards the LTA in future - every little helps..

noclaf said:

I've recently sold my holding in LCWL  (AJ Bell LISA) and will be switching to a Vanguard ETF (VWRP) partly for the reasons mentioned above, I would rather use an established player (no disrespect to Lyxor who aren't exactly small) even if it means fee's will increase from 0.12 to 0.22, the annual platform charges are capped for ETF's anyway and as the overall investment value increases (long-term hopefully!) I feel more at ease using a large firm like Vanguard.
I did look into iShares btw but due to work-related reasons am not permitted to hold their products.

Aah yes a fair choice if you want the 10% EM exposure. I've got concerns about China from a shareholder ownership, political influence, reporting standards, etc perspective, Taiwan looks vulnerable and India haven't really been pulling their weight on climate change either so decided to just stick to the developed world for now. Such companies will have exposure to EM markets anyway. Our LISAs are a low proportion of our investments so we are currently holding WLDS for some small cap exposure to compliment the mostly large cap VEVE and HMWO in our SIPPs.

noclaf

noclaf said:

I've recently sold my holding in LCWL  (AJ Bell LISA) and will be switching to a Vanguard ETF (VWRP) partly for the reasons mentioned above, I would rather use an established player (no disrespect to Lyxor who aren't exactly small) even if it means fee's will increase from 0.12 to 0.22, the annual platform charges are capped for ETF's anyway and as the overall investment value increases (long-term hopefully!) I feel more at ease using a large firm like Vanguard.
I did look into iShares btw but due to work-related reasons am not permitted to hold their products.

Aah yes a fair choice if you want the 10% EM exposure. I've got concerns about China from a shareholder ownership, political influence, reporting standards, etc perspective, Taiwan looks vulnerable and India haven't really been pulling their weight on climate change either so decided to just stick to the developed world for now. Such companies will have exposure to EM markets anyway. Our LISAs are a low proportion of our investments so we are currently holding WLDS for some small cap exposure to compliment the mostly large cap VEVE and HMWO in our SIPPs.

Just realised AjBell have VEVE too, same cost as LCWL, no EM as you mentioned however it's distributing rather than acc however I assume overall cost would be lower if I use VEVE/VFEM should I want EM exposure too at a cheaper overall cost.

.....you raise valid points re China/Taiwan. Overall my investments are around 8-9% EM exposure already via my smaller workplace pension...it's actually concentrated within that pension fund which is 28% EM but I am thinking what to do on that as may transfer that out.
I did look at WLDS previously..but currently I can't hold any ishares so Vanguard is my default.

deltrotter

VHVG if you want the accumulating version of VEVE

It is my go to ETF tracker in my ii ISA. Purchased monthly,

Chickereeeee

Best things about II? 1) Fixed, reasonable, charge very month, paid by DD from my bank account. No having to track payments in the SIPP, (just download bank statement as usual) no funds taken from my tax-sheltered account(s). 2) I can hold ETF as I think fit without worrying about platform charges.3) Free trades very month.

Sadly, AJ Bell will not do that: otherwise they are very good, if a little expensive.

Alexland

Chickereeeee said:

1) Fixed, reasonable, charge very month, paid by DD from my bank account. No having to track payments in the SIPP, (just download bank statement as usual) no funds taken from my tax-sheltered account(s).

Wouldn't you rather the charges were deducted from inside the SIPP as you would benefit from tax relief on the contribution and a slightly lower account valuation for anyone heading towards the LTA? There was a thread a while ago where I think someone confirmed it was possible for II to do this on both of their ongoing charges if you are not using any of their other types of accounts.

Chickereeeee said:

3) Free trades very month.

Free might be going a bit far - probably more accurately described as 'inclusive'.

Chickereeeee

Alexland said:

Chickereeeee said:

1) Fixed, reasonable, charge very month, paid by DD from my bank account. No having to track payments in the SIPP, (just download bank statement as usual) no funds taken from my tax-sheltered account(s).

Wouldn't you rather the charges were deducted from inside the SIPP as you would benefit from tax relief on the contribution and a slightly lower account valuation for anyone heading towards the LTA? There was a thread a while ago where I think someone confirmed it was possible for II to do this on both of their ongoing charges if you are not using any of their other types of accounts.

Chickereeeee said:

3) Free trades very month.

Free might be going a bit far - probably more accurately described as 'inclusive'.

1) no. I would rather pay from bank account, for convenience, tracking (as above), and not having to have spare cash in the SIPP to pay fees. All holdings can be in accumulating funds. But II give you the choice, anyway.

3) the difference being?

Alexland

Chickereeeee said:

1) no. I would rather pay from bank account, for convenience, tracking (as above), and not having to have spare cash in the SIPP to pay fees. All holdings can be in accumulating funds. But II give you the choice, anyway.

OK but it's costing you more that way. As a middle ground maybe a regular DD into the SIPP to replenish the cash balance?

Chickereeeee said:

3) the difference being?

Free implies they are not charging you (which they are as its part of their offer in return for the monthly fees).