Lawrence Gosling positively trashed Richard Branson & virgin Money with his comments in the previous post.
Would I, a Swindon based Financial adviser recommend Virgin products to my clients?
Well let's look at one.
The Virgin FTSE 100 is an investment fund which tracks the movements of the 100 biggest UK companies. This is not so great for a number of reasons.
- The FTSE 100 still contains Northern Rock
- Performance of FTSE 100 trackers is little better than breaking even over the last 7 years
- The Annual Management charge is 1%, its cheapest competitor is 0.2%