Pearl - transfer or stay? (one for DD?)

dunstonh

Those figures assume standard charging on both.

You are then comparing discounted unit trust funds (into an ISA) against a standard charged pension. You need to compare like for like. In this case, you should be compare discounted pensions against discounted unit trusts.

In addition, you can get a number of mirror funds on better terms than the unit trusts. Not all unit trust funds give discounts on nil commission when it comes to the AMC. So, for example, the Norwich Union personal pension gives you access to the Norwich Union property fund cheaper than buying the Norwich Union property fund through a unit trust.

The FSA tables are not a good guide to real charging as they assume default fund and default charging.

whiteflag_3

Whereas you can get an ISA for an annual flat rate of 25 quid.

Edinvestor where can I get an ISA for a flat rate of 25 quid?

The AMC on my ISA is 1.5% pa - i thought this was the average

Does this mean someone with £50K in ISAs can pay only £25 pa in total?
I assume this must be the case as the 1% you quote for pensions pays for admin, servicing and fund management charges.

EdInvestor

Edinvestor where can I get an ISA for a flat rate of 25 quid?

https://www.squaregain.co.uk

(formerly known as Comdirect) - gives access to huge range of funds and also additionally rebates their charges.Plus individual shares/gilts etc. [/quote]

Does this mean someone with £50K in ISAs can pay only £25 pa in total?

Yep.Plus there is an "introduce a friend scheme" which pays you 50 quid, no doubt a referrer will be along in a moment.....;)

dunstonh

Are you not forgetting the annual managment charges?

EdInvestor

MSE recommends Hoodless Brennan which has a flat rate 50 quid charge, still at 0.1% a considerable saving on the ISA fee.

You will get the annual management charges on the funds inside the ISA wrapper rebated at these providers as well. Martin also has loads of info on all the discount brokers' rebates for fund investments in the information section.

dunstonh

You will get the annual management charges on the funds inside the ISA wrapper rebated at these providers as well. Martin also has loads of info on all the discount brokers' rebates for fund investments in the information section

So, you are saying you can invest in unit trust/OEIC funds for a flat charge of £25 and incur no other charges of any sort?

whiteflag_3

Yep.Plus there is an "introduce a friend scheme" which pays you 50 quid, no doubt a referrer will be along in a moment.....

EdInvestor - I stood on the sidelines and watched for 6 months the inaccurate statements you made re products and scoffed at your blase attitude to investment risk but finally succumbed.

In the last week you have referred to ASP when you meant drawdown, recommeneded others to invest in SIPPs when they dont even understand their existing Pearl pensions and now make statements like the one above.

Yes you get an ISA wrapper for £25 but there are addtional charges for whatever you put in. Therefore for example if your hold shares you need to be knowledgeable to manage your owm portfolio and pay deaing costs whenever you buy and sell. If however you hold, lets say you hold one of your favourite funds Fidelity Special Situations you pay an AMC of 1.5% and £25 to Squaregain. :mad: Dont bother coming back with "you can get 0.5% rebated with HL" because you specifically put the link for Squaregain on this site. This is totally misleading to other investors on this site ( as is Squaregains own site and their own staff )

Going back to the original comments you made re pension charges against ISAs please give readvise Fleagle bearing in mind the above and try and compare apples with apples for a change!

Fleagle

Guys, thanks again for all the replies. The transfer to NU stakeholder completed last week. The transfer penalty worked out at 25pc of fund value, but I'm pleased to be off the sinking ship.

Cheers, Dave