as of 23/01/2019 at 2:25 pm
This is a pretty simple choice and will suit newcomers who just want to get going with a brand they know and trust. There are five ready-made solutions from which to choose. There is also a sixth investment option: the Climate Change Fund. There are no individual company shares or funds from other groups.
The charges could do with a refresh after competitors have slashed costs – 1% a year all-in for these simple ‘passive’ portfolios. This is the vanilla ice cream option for the stocks and shares ISA world. Move on if you’re after double choc chip with sprinkles.
Mid-sized investment service from the bank
|Minimum amounts:||£500 minimum initial amount for the Climate Change fund (or £100 monthly)
£1 minimum initial amount for all other funds
|12 month indicative performance:||
A medium risk fund (Virgin Bond, Gilt, UK and Overseas Share fund) returned 9.1% in 2017, after charges.