Has anyone on here used Zopa for their cash ISA and are they okay? My bank wouldn’t let me transfer money over to them.
Yep. Have a cash ISA with them. You open an account and have 1 primary account and then you can open pots (including a Cash ISA pot) and you can move money into the pots. Only opened a few weeks ago but all very easy and app is very good. Would recommend.
This leaves me (and many others no doubt) in a real quandary, as there's no other fund like Global Equity Select. It is genuinely differentiated. I bought it over 3 years ago and it's been superb, whether the market has been going up or down. Time to review and most likely trim or sell.
Been a while since I've been in the top 3. FWIW, I think this is a breakout and, whilst they'll be twists and turns, the FTSE will be well up by the end of the year now. I'm still sticking to FTSE250 though.
On another note, I had a nice breakdown of all the costs, fees and charges that hit my SIPP account from Interactive brokers in the last tax year. Even including spreads, the total annual costs, all in were 0.25%. And even that was 80% covered by interest payments. On top of that, I have to pay a flat £400 to a SIPP administrator. All-in that is so, so much cheaper than Hargreaves.
Do you mean Interactive Brokers or Interactive Investors? My SIPP is still being managed through/by the transferring IFA/Standard Life as it couldn't initially be avoided, due to a transfer from my defined benefit pension. The overall charges in total are around 2% pa and the fund is 6.2% down since opening in November 2021, which is partly due to the charges.
I have an interim review with my advisor on Monday (no bank holiday where she is in Scotland). My charges, are 1.5% (which has reduced from the initial 1.6% agreed) as they apparently now have a better deal with Abrdn. That’s split as follows:
Fund is up, very marginally, at 0.75% since I opened it on July 1st 2021. I apparently missed the decent performance from the first half of that year and the SIPP has only really started to regain the losses (from memory I think it was 12% down at one point) since November last year.
Been a while since I've been in the top 3. FWIW, I think this is a breakout and, whilst they'll be twists and turns, the FTSE will be well up by the end of the year now. I'm still sticking to FTSE250 though.
On another note, I had a nice breakdown of all the costs, fees and charges that hit my SIPP account from Interactive brokers in the last tax year. Even including spreads, the total annual costs, all in were 0.25%. And even that was 80% covered by interest payments. On top of that, I have to pay a flat £400 to a SIPP administrator. All-in that is so, so much cheaper than Hargreaves.
Do you mean Interactive Brokers or Interactive Investors? My SIPP is still being managed through/by the transferring IFA/Standard Life as it couldn't initially be avoided, due to a transfer from my defined benefit pension. The overall charges in total are around 2% pa and the fund is 6.2% down since opening in November 2021, which is partly due to the charges.
I have an interim review with my advisor on Monday (no bank holiday where she is in Scotland). My charges, are 1.5% (which has reduced from the initial 1.6% agreed) as they apparently now have a better deal with Abrdn. That’s split as follows:
Fund is up, very marginally, at 0.75% since I opened it on July 1st 2021. I apparently missed the decent performance from the first half of that year and the SIPP has only really started to regain the losses (from memory I think it was 12% down at one point) since November last year.
Tel, please message me if there's anything useful to tell. I was always confident that I could do a better job than the "experts" after charges. Obviously it wasn't an option at first and then my personal heath issues last year meant I decided that it was best to leave for the time being. Now I'm ok, I'm thinking about transferring it out and managing it myself, especially if I can't get a reduction in charges. I'm paying 1.9% pa. I'm not sure how long the pension had to remain with the IFA after transfer?
Been a while since I've been in the top 3. FWIW, I think this is a breakout and, whilst they'll be twists and turns, the FTSE will be well up by the end of the year now. I'm still sticking to FTSE250 though.
On another note, I had a nice breakdown of all the costs, fees and charges that hit my SIPP account from Interactive brokers in the last tax year. Even including spreads, the total annual costs, all in were 0.25%. And even that was 80% covered by interest payments. On top of that, I have to pay a flat £400 to a SIPP administrator. All-in that is so, so much cheaper than Hargreaves.
Do you mean Interactive Brokers or Interactive Investors? My SIPP is still being managed through/by the transferring IFA/Standard Life as it couldn't initially be avoided, due to a transfer from my defined benefit pension. The overall charges in total are around 2% pa and the fund is 6.2% down since opening in November 2021, which is partly due to the charges.
I have an interim review with my advisor on Monday (no bank holiday where she is in Scotland). My charges, are 1.5% (which has reduced from the initial 1.6% agreed) as they apparently now have a better deal with Abrdn. That’s split as follows:
Fund is up, very marginally, at 0.75% since I opened it on July 1st 2021. I apparently missed the decent performance from the first half of that year and the SIPP has only really started to regain the losses (from memory I think it was 12% down at one point) since November last year.
That seems like really really bad performance and expensive fee's. My SIPP is up nearly 27% in that period, whilst I manage it myself the platform fee is circa 0.08% and portfolio cost 0.14%.
How on earth is yours up by less than 1%?
An S&P 500 Tracker would be up 29% An FTSE100 Tracker 16% Even something like Vanguards Lifestyle 80% would be up 12%
I can only assume you are heavily into bonds and gilts?
Comments
£50k
Better than the last couple of months.
£100 for me, £27k ish
£100 for daughter, £26k
£300 for Father in law, Max holding
Over the last 40 months I've averaged (ignoring pennies) £54 a month, Mrs £105, daughter £187 (she had one big £5k win)
Neither of us anywhere near maximum holding.
https://www.google.com/amp/s/www.fnlondon.com/amp/articles/royal-london-equities-head-quits-to-set-up-new-firm-with-colleagues-21c611fb
I have an interim review with my advisor on Monday (no bank holiday where she is in Scotland). My charges, are 1.5% (which has reduced from the initial 1.6% agreed) as they apparently now have a better deal with Abrdn. That’s split as follows:
Abrdn Platform Fee 0.11%
Investment Portfolio Cost 0.64%
Ongoing Investment & Advice Fee 0.75%
Fund is up, very marginally, at 0.75% since I opened it on July 1st 2021. I apparently missed the decent performance from the first half of that year and the SIPP has only really started to regain the losses (from memory I think it was 12% down at one point) since November last year.
I was always confident that I could do a better job than the "experts" after charges.
Obviously it wasn't an option at first and then my personal heath issues last year meant I decided that it was best to leave for the time being.
Now I'm ok, I'm thinking about transferring it out and managing it myself, especially if I can't get a reduction in charges.
I'm paying 1.9% pa.
I'm not sure how long the pension had to remain with the IFA after transfer?
How on earth is yours up by less than 1%?
An S&P 500 Tracker would be up 29%
An FTSE100 Tracker 16%
Even something like Vanguards Lifestyle 80% would be up 12%
I can only assume you are heavily into bonds and gilts?