Well I am at logerheads with them at the moment as I was told by another broker that for decent lump sums they will give up to 3% bonus and reduced management charges. Saying that there are a number of good funds out there at present and you are better going in now, (probably over a period of time) as the markets are very low at the moment.
Crumdub,
You must know markets are going to continue falling........let us in on the deal!!
This is not a black and white issue for the OP. He has decided to invest following market decreases which I admire him for as valuations are better. Ever heard of the saying "buy low, sell high".
I've no affilation to BOI/NI.
Word of warning, it may have had its day in the sun as it has a significant exposure to commercial property.
Good luck...
I have been looking at this fund too over the last 2 or 3 years as it has performed very well historically however I think the above is very good advice
By investing you are expecting that the stock market will increase in value over time – otherwise you wouldn’t bother to invest. So invest your lump sum. If you average in your lump sum and the market increases in value each payment you make buys less of the stock market, so overall you lose out as over time you have bought less of the stock market than you would have if you had invested the lump sum. You could argue that when the stock market declines by averaging in you are buying more at a reduced price, which is correct, but if you knew the stock market were going to decline you wouldn’t invest. You may be lucky to buy on the declines you are more likely to lose out on the increases.is it better to invest just one large lump sum or by monthly direct debits (including a smaller lump sum)?
By investing you are expecting that the stock market will increase in value over time – otherwise you wouldn’t bother to invest. So invest your lump sum.