Child Trust Fund - Onefamily Stockmarket 100

Materialist

After 16 years, my child's trust fund is lower...16 YEARS!!

I have been buying and selling shares personally and investing in funds for over 30 years.

By my calculations, it's impossible for the fund to be lower with 16 years of accumulated dividend payments - even with the 1.5% management fee.

Can anyone else confirm this?!

What can be done to hold the company accountable?

dunstonh

After 16 years, my child's trust fund is lower...16 YEARS!!

Can anyone else confirm this?!

Its 100% invested in UK large cap.   Apart from 2022, that has been a really poor place to be for over 20 years.

However, it doesnt appear to match the fund data.



It shows an 85.97% gain on a lump sum invested 16 years ago

What can be done to hold the company accountable?

Accountable for what?

Materialist

Got a link to that graph?

"It shows an 85.97% gain on a lump sum invested 16 years ago"

That sounds about right with compounded dividends into the fund.

But, when I log into the account is showing an overall loss. 

wmb194

Have you misunderstood what the money has been invested in?

Keep_pedalling

Materialist said:

After 16 years, my child's trust fund is lower...16 YEARS!!

I have been buying and selling shares personally and investing in funds for over 30 years.


What can be done to hold the company accountable?

If you have nerve proactive with your own investments, why have you ignored your child’s small investment?

dunstonh

Got a link to that graph?

No.  Its commercial software.  However, there are similar free versions that will give you basic data like that.

But, when I log into the account is showing an overall loss. 

In monetary terms or is it is percentage figure they are showing?  

Malthusian

It's a simple issue: either your figure for the amount invested is wrong, or the value they are showing you is wrong, or your information that it has been invested in the Stockmarket 100 fund over the last 16 years is wrong.
(Other explanations, e.g. "money has been withdrawn", seem very unlikely given it's a Child Trust Fund. OneFamily doesn't appear to apply a fixed fee that could have eroded the value of a small account; as you say it appears to be a 1.5%pa charge.)
Do you have a full transaction history for the account?

Materialist

dunstonh said:

Got a link to that graph?

No.  Its commercial software.  However, there are similar free versions that will give you basic data like that.

But, when I log into the account is showing an overall loss. 

In monetary terms or is it is percentage figure they are showing?  

No monetary terms.

dunstonh

Looking at your picture, it seems that the opening amount is likely to be wrong or being wrongly interpreted.  Could be one of two things.
1 - it is the opening value for the period.  e.g. 13th Feb (to 21st March) on the basis that the bit after the opening value only shows increases since 13th Feb.
2 - it is the opening value of when they moved to their current software and not right back to the start.   Onefamily came about as a merger and new software followed. When the data was ported to the new software, it may be that a carry forward balance became the opening value.

Either of these may explain the non-rounded opening figure (CTFs would normally be a rounded figure)

wmb194

Yes, I think that's a statement period or suchlike. You need to go back to basics: how much did you actually invest in this? Was it just the government's £250 contribution? If so, the account value makes sense.

MX5huggy

Definitely that was the balance one year ago. Then performance over the following 12 months as expected.

I expect just the original £250 was deposited so £500 is the expectation. 

But why not move it to Fidelity or HL where a Vanguard FTSE 100 tracker would cost 0.06%. Compared to this which is “trying” to match the FTSE 100 at a 1.5% cost.