stocks isa

ColdIron

IWeb is part of the Lloyds Banking Group. About as safe as it gets

dannybbb

@coldiron so you think iweb with a hsbc  balanced fund better than a readymade fund from ii etc - fee wise i suppose lower - i just need to work out how to get cash into it as i dont neccesarily want to put in 85k

dannybbb

one thing about iweb is that you have to print out a form and wait 5 weeks for a transfer which seems longer than most

masonic

dannybbb said:

one thing about iweb is that you have to print out a form and wait 5 weeks for a transfer which seems longer than most

No you don't. I've done several transfers to iWeb and while it can vary, most completed within a couple of weeks. The paper form may not be needed either, that depends on the sending provider.

ColdIron

I'm not familiar with II's ready made funds, their quick start funds seem to offer Vanguard's Lifestrategy range which are more or less equivalent to the Global Strategy range. The Royal London funds look expensive at 0.77% and a classic actively managed fund (which explains the high charge) with much less diverse holdings, think tens rather than thousands

BTW IWeb are very very cheap for ISAs (basically free to hold) but their SIPP is pricey at £180 pa and £360 pa in drawdown. They outsource it to AJ Bell I believe

masonic

I'd be suspicious of consumer investment platforms that run their own funds, as they are unlikely to complete with the largest fund houses - at least not on price and probably not on quality. Vanguard being an obvious exception as they are first and foremost a fund house.

dannybbb

thanks - looks like iweb and hsbc for part of my cash ISAs then