My name is Brian. I am married with two teenage children and live in a small town in Sussex. I am ...
My name is Brian. I am married with two teenage children and live in a small town in Sussex. I am a management accountant with a container shipping company. I enjoy gardening, cycling and golf
Member since:11.03.2004
Reviews:1
I have invested in the Virgin Direct UK Index Tracker Trust for several years. The fund is one of the leaders in its class because it has low charges and a simple investment strategy.
The information pack provided by Virgin is clear and comprehensive.
It is possible to invest in the fund using an ISA and this means you will not be liable for UK tax on any capital gains.
Investing a set amount each month means you buy more units when prices are low. When the price of units was £1.80 (August 2001), an investment of £100 would purchase 56 units. When the price slumped to below £1.10 (March 2003), £100 would purchase 91 units. Today (March 2004), the price is £1.49, so the investment of £200 is now worth £219.
The other huge benefit of Virgin Direct is the quality of the staff who answer the telephone. I have always found them cheerful and efficient and always with a clear speaking voice. Whatever I have asked them to do - change the amount invested each month or withdraw money from the fund - has been carried out exactly as I would expect.
One slight drawback - I found the Virgin website not as easy to navigate as some. Having said that, once you find your way to the sub-menu you need, the information is always up to date.
All in all top marks - a good value product backed up by excllent customer service.
How helpful would this review be to a person making a buying decision? Rating guidelines
Mar 11th, 2004
helpful by (71%):
somewhat helpful by (29%):
