SIT Stockplan

billy78

Hi all,

I've been looking at the Scottish Investment trust Stockplan - mainly because I can pay in a small monthly sum - whereas many similar offerings require a larger monthly deposit.
However, i noticed that they recently changed administrator for the stockpland and it is now overseen by Halifax Share Dealing.
Does this mean that Halifax now control where SIT funds are invested? I have a stakeholder pension with Halifax (after reading some posts on here i think i'm going to move) and i'm wondering whether it defeats the object of having a stockplan now that they are both operated by Halifax.
Any thoughts?

Billy.

purch

Halifax are just the administrator of the Savings Plan

The Scottish Investment Trust PLC has it's own Fund Managers and Investment process.

billy78

Thanks for the reply.
In terms of long term investment, ie, 30 years, would the Stockplan returns be greater than the Halifax stakeholder pension? (assuming the monthly investments were the same)

Bill.

purch

That is impossible to predict.

It would depend entirely on where your Stakeholder Funds are Invested.

The Scottish Investment Trust is a decent generalist Trust which provides 'hopefully', a diversified global exposure which would make it a good fund to invest in if you were only going to choose a single fund.

billy78

Thanks for the reply.
I'd be intersted in finding out peoples thoughts on the following:

alongside ISA and pension, I want to invest in something with stock market exposure. I currently have a halifax sharebuilder which I invest £50 average into per month.
As someone who doesn't have a great deal of knowledge in the stock market, would would better gains be seen by continuing with the sharebuilder (investing in a range of Investment trusts primarily and a couple of other large companies) or with something like the Stockplan?

Bill.

billy78

Anyone got any views on which way might be best?

Sorry for bouncing this one to the top of the board, but i want to get some opinions on this before I make a choice!!:huh:
Thanks, Bill.