Anyone care to decide what they think of this investment fund?

You wouldn't find many independent opinions online because it's not a solution anyone would use if they were acting independently (i.e. either an IFA or a DIY investor). Nationwide use it because they are tied to selling L&G's products.

L&G's funds are perfectly fine for what they are. But you could almost certainly get independent financial advice which would select the best solution from the whole of the market, for the same or less than what you are paying Nationwide. However, you said you prefer to keep using them so you pays your money and takes your choice.

bengalknights wrote:

Goverment bonds are good long term investments

No idea what this has to do with the OP's post, but with long-term gilts yielding 1.5%pa and a high possibility of capital loss when interest rates rise, no they aren't.

egal and General "Primary fund" was recommended to me by Nationwide BS. I can't find any independent opinions about it online. Do any of MSE forum users fancy having a peek & proffering an opinion?

Nationwide retail L&G products and investments They are tied agents. So, nothing independent about that. They also tend to retail the products at a higher cost than the open market/IFA version or cut down the product. For example, the L&G range via Natonwide used the Cofunds software but with most of the features and fund selection reduced to just show L&G funds.

. I've had good experiences with L&G before.

Have you have experiences with other investment companies to be able to compare or have you just used L&G via Nationwide.

It suits me to keep using Nationwide as fin. advisor,

The general rule of thumb on this site is that you either DIY or if you need advice, you should use an IFA. Not a tied sales force of an insurance company.

To give credit, Nationwide are better at monitoring this investment pot than I have been.

Nationwide do not monitor it. Nationwide have nothing to do with it apart from selling it to you.

That's not true, DunstonH.

Yes it is true.

I originally got this fund in 2012 & Nationwide have contacted me twice about it since to let me know things about the portfolio distribution, the 2nd time specifically about poor performance issues (so they do monitor).

Because the sales rep wants to get you to top it up. This is the model the banks and building societies used. The person you see has absolutely no impact on it at all. They will contact you and then SPIN whatever the situation is. Nationwide never employed any discretionary investment managers and they had no permissions to recommend changes on the basis of performance. We have an ex Nationwide adviser in our office. So, we know a lot about their methods. And unsurprisingly, they were very similar to the banks. It was a transactional service where existing customers would get periodic meetings because, statistically, its a good way to get top ups or extra business.

Boston: There are a few management fee options I could choose from, I don't want to say what I'm getting for how much I pay b/c MSErs won't like it (!) but it's mine to pay, not yours.

You are at the wrong website then. Whilst, this site does sometimes go over the top in prioritising money saving at the expense of quality, this is not one of them. You are neither getting quality or value for money.

I mentioned that the Nationwide L&G funds used the Cofunds software. The Nationwide charge for pre 2013 customers was 0.31% if the Primary investment service was selected (that is the cut down version) and 0.39% for the full fund range. Compare that to the actual Cofunds platform which was 0.29%. Cofunds also make available all L&G funds on a superclean basis. Not Nationwide who used a more expensive share class with the (N) tag at the end. So, in your case, you were paying more for less.