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Alan Stephen Davies

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Review of the Halifax, Investment Account:

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The worst place to throw away your money?

I have had a now stagnated ISA investment account for a good number of years which fortunately only has a few thousand in it. Its "supposed" to exceed various benchmark tracker funds by between 1% and 3% in various areas over any 3 year period. Not once has it managed that. In fact collectively the ISA hasn't met that for a single year never mind over 3 years. Even for the part that is supposed to be in a FTSE tracker is down 5% on the last 5 years compared to a published FTSE tracker. You'd be MUCH better off not paying them to manage it. Truly awful performance. No one seems to hold them to account. Reviewed on: 12th December 2020

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