Standard Life Aberdeen Share Discussion Threads

[spud] 24/10/2020 14:40

Can't explain I'm afraid!spud

[mcunliffe1] 24/10/2020 13:50

Tartshagger, I lost £280+ when I drew-down £10,000 recently from my pension with S.L.

Their explanation included an admission (in writing) of their 'System Limitations' that resulted in £7,500 (the taxable part) being held for one day (could be upto three days) in a falling market. This was about 10th March 2020.

Today, online, I attempted to increase a long-standing monthly payment into my pension and whilst I was able to undertake this whilst I'm logged-in to the website they require 10 working days to action.

I suspect my online actions are simply 'noted' and a human then acts upon the request increasing the direct debit amount. It's archaic.

[tartshagger] 24/10/2020 13:06

I've received my DRIP divi notification today. Dividends paid on 29th Sept @ 2.36339p per share. But share price on 29th was 2.23p so how does this work? It looks like I've lost 37 extra shares!

[spud] 19/10/2020 11:40

Standard Life Aberdeen to reopen two property funds.

Asset manager Standard Life Aberdeen plans to reopen two of its UK property funds next month, after freezing them earlier this year as the pandemic sparked valuation chaos....

spud

[meijiman] 12/10/2020 11:41

Yes Fatty and Spotty were useless. I'm sure Fatty was well legged over but no one at SLA wold ever admit that.A case of 2+2=3.

[porsche1945] 12/10/2020 10:59

Depressing just how bad these have been for a few years now, wish somebody would just come in and buy them out, sterling trashed thanks to brexit and everything on ftse hammered so cheap for foreign buyers, would be great if one of them took an interest in this so I could finally get out at cost. This is almost as pxxs poor as Aviva.

[chinese investor] 12/10/2020 09:27

Here We Go !

[fenners66] 10/10/2020 10:13

Alternatively,

Put as much as you can in ISA,
buy some property
have employers invest in a pension and let the pension companies do that work for you,
top up any/all of the above with other investments

Just spreading the risk - chose the right funds within the pension - let them do the work whilst you concentrate on the ISA / trading

[pierre oreilly] 09/10/2020 18:52

Thank you mcun, but I think it's just common sense.

In fact, why anyone thinks (admittedly like 98% do) that giving your money to the city to look after for forty years and not take half of it for them selves while telling you how great it's performing is the puzzling bit. A kind of mass voluntary 'would rather not know' type of approach i expect. That approach is probably for the best.

[chessman2] 09/10/2020 17:16

With a £300,000 SL fund the annual charge would be .60%, £1800 or even less.

However the North American fund is up 13% this year so £39,000 up. With good fund performance a policyholder should always be ahead.

Compare their fees with HL and others.

[mcunliffe1] 09/10/2020 16:52

Pierre, you’re a star 💫

[pierre oreilly] 09/10/2020 16:11

Chess, obviously I'm talking about the managed retail pension products where you have no idea of what happens to the money or investments. They won't get 50% for a diy pension plan (unless you decide to invest in all their funds anyhow). But invest directly in ftse companies and manage it yourself then yes, you keep more of your cash.

Invest in a low cost, no frills diy isa (for long enough), forget about the initial foregone tax breaks, then you keep all your money less about £25pa, and enjoy a completely tax free income when you retire early. (because basically, with average luck or skill, you end up with a pot twice as big (less the tax saving) as the pension pot you could have got). Then no tax with the isa, but tax with the pension monthly remnants.

[pierre oreilly] 09/10/2020 16:00

I agree you'll never get 60/50 mcun. You'll get 50/50 though. Just add up the lifetime fees, plenty of 80p/month this, 2 quid per month that, 1.65% every time it's churned etc etc etc

Just because you don't see 'WE TAKE 50% OF YOUR MONEY' plastered over the sales documents doesn't mean they don't. Obviously, most don't know nor care nor believe that that is the case, but I'm afraid it is. Well, not afraid, because i invest in the companies which extract all that money.

[mcunliffe1] 09/10/2020 15:35

Perhaps Pierre is accumulating each years’ fees and comparing with the final payout value. That would bring the ratio further towards 50/50 but not by any stretch of imagination would it get to 60/50.

[chessman2] 09/10/2020 15:26

Unsure of your figures Pierre as SL charges on their Sipp are .60% of the fund value which is reasonably competitive.

SL do not receive 50% of the returns.

[pierre oreilly] 09/10/2020 14:40

Brilliant that everyone's pensions are going great guns. When the returns are split 50/50 with the managers (as they are, with lifetime fees typically about the same as you eventually get), it's great for both you and the companies like sl. (and their shareholders). Thanks mcun.

[mcunliffe1] 09/10/2020 14:20

chessman2, my pension is also increasing thanks in the main to their UK Smaller Companies Fund and their Managed Fund.

Perhaps SLA should have invested their many millions in these funds rather than buying back their own shares.

[chessman2] 09/10/2020 11:40

Quite a bit further for me.

At least the value of my SIPP is increasing, thanks to their North American and Asian Pacific funds, and of course that means higher fees to SL.

[spud] 09/10/2020 11:33

Standard Life Aberdeen has appointed a new global head for its asset-management brand, Aberdeen Standard Investments.

Alex Hoctor-Duncan, who will report directly to the chief executive Stephen Bird, will lead the asset-management distribution operation, according to a statement on 8 October.

Hoctor-Duncan joined the asset manager two years ago as global sales director. Before joining Standard Life Aberdeen, he worked at BlackRock, where he was the head of EMEA retail business, and Mercury Asset Management and Merrill Lynch Investment Managers.

spud

[chinese investor] 09/10/2020 10:25

10p to 260p (my break even price) !

[spud] 07/10/2020 08:37

Let's hope so! Buybacks (although I don't normally support them) at these deflated prices are definitely helping.spud

[ygor705] 07/10/2020 08:27

Definitely a different feel to the share price movements over the last 10 days or so. Have we finally turned the corner?

[chinese investor] 07/10/2020 08:20

14p to 260p (my break even price) !

[mcunliffe1] 03/10/2020 09:34

Liontrust has agreed to sell its Asia Income team (to Jacob Reece-Mogg's company, Somerset).
Liontrust is also closing down a couple of other teams with about £195 assets under management and advice.