Questions And Answers
transferring to Vanguard from Standard Life?
asked by Mano 87 posted 11 Months ago at 10:52
Got a recent letter from Standard Life saying they are moving management of the FTSE tracker to Vanguard - can they legally just do this without my permission and will this change any fund costs? Is Vanguard any good and why can't Standard Life manage their own funds?
1-3 of 3 Answers
Thomas Bright answered 11 Months ago at 17:58Vanguard are quite good....although doesnt answer your question!
Nigel Barker-Smith answered 11 Months ago at 11:47Vanguard are excellent because their Total Expense Ratios (TER) are very low (typically 0.31% per annum).
Passive/tracker funds only aim to deliver the market returns so high fees are certainly wasted. Standard Life I guess cannot deliver this service for the lower cost that Vanguard can.
Regards of whether you want passive/tracker or active fund managers, you must keep the costs down.
The stockmarket is a zero sum game (arguably a negative sum game as you incur fees to benefit from it) so costs need to be as little as possible.
Mano 87 answered 11 Months ago at 18:04Nigel, many thanks, its a bit of a minefield. Might very well contact you direct shortly.
Thanks again. Mano (Tom)
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