A large fund investing in high yield securities

Advantages: The fund tends to outperform in flat and falling markets, high dividend yield of around 3%, good long term performance and good manager
Disadvantages: Large £2.6 billion in size makes fund less flexible, 5% initial charge, underperforms when growth stocks are fashionable

...is to provide an above average dividend and above average dividend growth because it is in the UK Equity Income sector. The yield on this trust is around 3.16% at the time of writing. I decided to opt to re-invest the dividends because I had seen studies that by doing this returns could be enhanced over the long-term due to a compounding effect. Re-investing dividends over the long-term can also help to reduce the volatility of an investment. INVESCO-Perpetual High Income has been managed by Neil Woodford for around 13 years since its launch in 1988. Neil Woodford is a highly influential fund manager who was involved in releasing the truth about the Biotech stock market disaster British Biotech. I admire the way Neil Woodford has managed this trust by sticking to what he believes in an not going with the crowd. This was apparent when...

gorvifal3 27.06.2001 · Read review
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Review of Perpetual High Income Fund

HSBC

Advantages: Competitive, wide range, professional.
Disadvantages: Not a seamless service. Lack of branches.

...I have banked with HSBC for the past few years and I must say that I am very happy with the service I have received so far. I will go through the products I have with them and let you know my thoughts! Student Account The student account is a really good account in comparison with the current market - some banks make the huge overdrafts the selling point, but HSBC are striving towards being a responsible lender, and they have all overdrafts based on status. Standard limit for a first year is £1000, 2nd year is £1250, third is £1500. Based on status, you may get more than those limit but they are charged at 3% above the Base Rate (currently 5.25%). I also find HSBC to be very fair with default charges - this their "Fair Charges Policy": 1) you will not have to pay fees for being overdrawn by £10 or less. 2) You will not have to...

shazilrock 05.02.2007 · Read review
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Review of HSBC

Super-charged Growth and Income to Boot

Advantages: Outstanding performance, Small flexible fund, superb management
Disadvantages: 5.25% initial charge, but discounted through execution only brokers.

...When a fund manager is prepared to invest his own pension fund in the fund he is managing, I'd say that shows confidence and commitment. Artemis Income fund was launched on 17 May 2000 and has proved to be a tremendous growth stock, without regard for the income potential. I understand that, not only do the management team have heaps of their own money invested in their funds, but their pensions too. Artemis (in mythology the daughter of Jupiter) is being heralded as the new Jupiter and that is one superb accolade. Jupiter funds may well have been so successful due to the personal gains that the team stood to make if the funds performed well, and Artemis have created a similar situation but with a different strategy. Every single one of the Artemis funds is soaring high and it is difficult to chose between them. In its time...

petehall 22.09.2000 · Read review
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Review of Artemis - UK Income Fund

HSBC- The best place to bank!

Advantages: Great choice of accounts, helpful friendly staff
Disadvantages: None that spring to mind

...I have a number of accounts with HSBC including two bank accounts and two savings accounts... and hopefully soon a mortgage. In the past I have banked with Natwest, Nationwide and Northern Rock. I also have a range of other accounts in other places such as ISA's and a mortgage with RBS. I am telling you this to show that I have had experience with other banks and building societys. I find it easy to say that banking with HSBC I have had the best possible experience. I find the service both in the bank and using online banking to be easy and efficient and completly stress free. I must admit that I also had this experience with Nationwide, but the difference I have found with HSBC is that there is a larger variety of choice and types of accounts to meet the individual need. I have a normal bank account with HSBC and also bank...

Lisab3410 05.03.2008 · Read review
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Review of HSBC

My first love.... HSBC

Advantages: Easy Banking
Disadvantages: None yet!

..., Barclays, Alliance & Leicester, and then Abbey National. Now Abbey National was the only one out of that little lot that didn't kick me out, I admit before then I was very bad with my money, you'll all be pleased to know that I have now changed - probably due to the fact I work for a bank now, ironic isn't it?! Abbey National was a terrible bank, they only offered me an Electron card that can be used in about two shops in the whole world (both located in Bermuda!) - sorry, slight sarcasm there! I asked for a Switch but they said I couldn't until I had used that card more and proved I could manage my own money. The situation was a bit of a Catch 22 so I found one of the only high street banks left that hadn't kicked me out! I have now been banking with HSBC for about a year, I'm not one to visit branches so I find their internet...

Redhead 04.05.2002 · Read review
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Review of HSBC

HSBC what customer service

Advantages: I did have over 15 years of hassle free banking
Disadvantages: see text

...If you had asked me my thought's on HSBC bank about three months ago I'd have probably said not a bad bank I've had know problems with them. Unfortunately if you were to ask my thoughts about them now I'd tell you to avoid them like the plague! Having been a customer with them for over 15 years, I would like to add that my problems only started two months ago. Up until then I had had a very good relationship with them ie they paid my standing orders out, didn't bounce my cheques and I was happy. During the time I have been a customer with them, I have transferred accounts to different branches on three occassions and transfered my account to a joint account as well. Not once did I experience any of the horror stories associated with opening new accounts etc. Due to a change in domestic circumstances the need for me to close...

jo1l 10.06.2001 · Read review
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Review of HSBC

HSBC - The world's local and greediest bank

Advantages: occasional market leading and innovative products
Disadvantages: Absoluetly no customer satisfaction whatsoever

...It has been a very interesting last thirty minutes, reading the reviews of the self titled "worlds local bank" HSBC. It seems that there is a general lack of satisfaction with one the largest banks in the world and it inspired me to share with you my recent dealings with HSBC. Now I can speak about HSBC as a customer of 5 years and as an ex-employee. I worked as an Financial Planning Manager 2 years in the Hertfordshire area and left about 3 years ago. I and thousands of others left HSBC was for the very reasons that are being aired on this and other review sites. HSBC no longer cares about customer satisfaction. It might not a be a startling revelation to some or even most but having seen, witnessed and experienced it from both sides I can duly understand and empathise with the many frustrations people are having. During my time...

Funzo 28.07.2008 · Read review
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Review of HSBC

Banking on HSBC

Advantages: Good web site, friendly, flexible
Disadvantages: None so far!

...I have held an account with HSBC since 1994 and have had no problems whatsoever. It all started with the great student incentives they were offering at the time and as a student you take anything that is free!! Since then I have had no regrets (I've sinced closed a current account with Barclays as they treated me like poo!). I have had a great overdraft facility and absolutely no problems increasing/decreasing this at the drop of a hat. They are extremely flexible and you actually get to speak to a member of staff at your own bank if you want to (you tend to keep a particular branch even if you move which is good for building up a relationship). I have had cash flow problems in between jobs etc but everytime they have been extremely understanding. The graduate package is good - a reduced, but free overdraft for 3 years...

moose 11.12.2000 (12.12.2000) · Read review
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Review of HSBC

Bad Customer Service HSBC Bank

Advantages: Nothing that other banks do not provide
Disadvantages: Poor Telephone Service

...Problems at HSBC!!!! I have never had such a terrible experience with customer service. Now, you could easily turn the other cheek if this were a mobile phone company but the fact they are looking after your money scares me. The problem starts when you are actually trying carry out your business via telephone banking. They obviously do not have a system in place in which they can log all correspondence with their clients. When I needed to organise my finances I ended up being passed from pillar to post trying to get answers of which I had to explain to every single person what I wanted before being informed that they cannot handle it and then passed the buck on again. Just the tip of the iceberg as from here I had very bad financial advice and was hounded by prank phone calls demanding small amounts of money that was not due to be...

lawdawg 08.02.2009 · Read review
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Review of HSBC

HSBC - Hong Kong Shanghai Banking Corporation - Who do you bank w

Advantages: Lots of ways to bank day and night.
Disadvantages: Not the most helpful customer service centre but then thats banks!

...I have held a bank account with HSBC since I was turned 16 and I had my first job lined up. I went to my local branch with the relevant photographic ID (passport) and proof of address (Medical card) and was immediately signed up for a standard account and a savings account. I then created my security number (between 6-10 digits) which is used for online banking and telephone banking to confirm that you are the account holder. HSBC have many branches all over the world and if you want to use their cash machines they are free. The customer service at HSBC leaves a little to the imagination at the best of times. I previously had a loan with them and had a number of problems getting through to get the date of payment changed when I changed jobs (and the date that I got paid changed!) and on one occasion they even transferred money from...

katyeverett 29.04.2009 · Read review
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Review of HSBC