Managed or not

jazzy23

I took financial advice  a few years a go and took out a Prufund ISA, charges a bit but does ok I think. However I read a lot about getting tracking low fee isas instead, global equities.  I am so confused . I am sure this is not what an fa will say.
Thoughts?

dunstonh

 However I read a lot about getting tracking low fee isas instead, global equities.

Going from Prufund to global equities is a jump up the risk scale. Prufund, depending on what risk version you use, is either cautious or moderate. The smoothing is there for people who cannot handle volatility. It's a niche option that is heavily overused.  (I'm not a fan.  I prefer their older versions from several decades ago but not since they started the prufund offering.  However, it does have its niche)

A global tracker can lose half of its value in 12 months.    So, how would you feel about your value halving and what action would you take following that?

Albermarle

jazzy23 said:

I took financial advice  a few years a go and took out a Prufund ISA, charges a bit ( what's a bit?) but does ok I think ( find out exactly)  However I read a lot about getting tracking low fee isas instead, global equities.  I am so confused . I am sure this is not what an fa will say.
Thoughts?

Suggest you first find out exactly what you have now, before thinking about changing.