Well, the ISA and PEP are both in a tracker fund which is linked to the FTSE All-Share. Down at the moment at 97% value:investment, but has been as high as 151% in May this year, down from a high of 161% in June 2007.
The portfolio is assuredly not managed by some thieving fund manager, it just ticks along and is reasonably balanced across banking and insurance, pharmaceutical and energy companies in the main. I agree about gilts; however, I only have a token £5k invested there. Overall it's at 74.8% of the target I've set for it; as soon as it reaches that target for 2 consecutive weeks, I shall sell up and transfer the portfolio to a Big4 high street bank high interest savings account. That'll only leave the PEP and ISA to be at the mercy of the FTSE.......
Ah well, the portfolio has just made another £150 whilst I was typing the above....
