Not-for-profit US heavyweight Vanguard has put the cat amongst the pinstriped pigeons with their recent UK launch. Low-cost. Simple. Just investments and ISAs today – no pension.
This low-cost service won’t offer research and shares, bells or whistles but it will manage your money in a decent portfolio, spread around lots of global investments which are picked and run for you, for just 0.37%.
You can only hold their investments – so you can’t access other fund managers or buy shares here.
Look for their LifeStrategy range and choose between the 5 options depending on how spicy you want to be. 10 years +? Look at 80% or 100% ‘equities’. Shorter timeframes and want something like cash but a little bit souped-up? 20% or 40% ‘equities’. Read their website for details.
Stocks & Shares ISA
Depends on the investment choices you make. In 2016 their LifeStrategy fund returns ranged from 10.4% to 26.1%.
"Easy to set up, plenty of funds for the average investor. Opened funds 5 April to get end of year tax relief. I'll get full allowance April 6. Both my funds are on one account very clear."
"Cost effective and excellent service."
"The only real problem with this provider is the limited choice of funds and the fact that share dealing is not possible. But for value for money it is difficult to beat."