Best Fund Supermarket

[tali1]

For investing ISA long term ( minimum 10yrs) ,less than 50k(for a family).No share dealing .Keen to find one which will have lowest costs/charges for above circumstances.

[fiction-factory]

By 'no share dealing' do you mean you only want cash ISAs? If so, you'd breach the annual limits if you have anything close to £50K, even if you deposited over two tax tears (31st March and 7th April). ISAs don't always give the best deals- pensioner bonds and Santander123 for example may be possible/better depending on circumstances.
I'd look at the MSE site

[bhg481]

Annual limit will not be breached if new ISA is funded by transfers from existing ISAs.

[fiction-factory]

Maybe, bhg481. I was assuming tali was looking to invest some family money (maybe a windfall/proceeds of house sale) in an ISA, but maybe tali is talking about reinvesting from an existing ISA. If it is an existing ISA then yes she can transfer it and the MSE site is still a good starting point. However I'm puzzled by the references to 'low costs/charges ' as cash ISAs have no such charges apart from early withdrawal penalties for some fixed term investments. I'm also confused by the "for a family " reference as I thought ISAs were for individuals not groups of individuals

[tali1]

50k(that's why I put "family" in..........) And I meant stocks and shares by " fund" supermarket.

[fiction-factory]

Thanks for clarifying that. So are you looking to invest the family's money all in the name of one member of the family or as separate amounts in the name of each person

[DocHH]

I have used Skandia, who have an investment vehicle that allows you to invest in a wide range of funds and therefore fund managers. It also allows you to swap between funds and fund managers at minimal cost. I think it is now called Multi-ISA, it used to be called Multi-PEP. As I am sure you are also aware investing in "funds" does spread the risk against investing in single Companies.

Only you however can decide which funds to invest in. Your decisions on which fund to use will be dependant on your attitude to risk, and if you want income or capital appreciation. I have used several "execution only" brokers, including Hargreaves Landsdowne, who have not charged for up-front advice, but have taken trail commission. This is, as I am sure you are aware is changing.
I tend to read the financial press before deciding where to invest. At the end of the day however there is no real way of avoiding the buy/sell spread, so you have to wait until the price you sell at is higher than you bought at, a hidden cost. If you are willing to look at the long term, 10+ years that should not be a problem. Good luck.

[tali1]

The 50k will be spread over a number of years - and of course it will be for several individuals. Currently i am with HLandsdowne .However, i did find this handy table and it seems iweb are best http://www.telegraph.co.uk/finance/personalfinance/investing/isas/10611058/Tables-cheapest-fund-supermarkets-for-Isa-investing.html

[fiction-factory]

Tali- I was only asking about the ownership of the money because there are potential difficulties if all the investments are placed in one person's name, both because of ISA rules and because of the possibility (albeit remote I'm sure in your case) of family disputes when shared money is invested in one name. Comparison sites will tell you the best funds in terms of charge rates- it's just a shame that they can't tell you which will be the best for investment

[DocHH]

Thank you "tali 1" for the Best Answer.