Ready-made Investments

With interest rates still at all time lows, you might want to consider investing with the aim of making your money work harder for you.

How Ready-made investments work

  • Ready-made investments are an easier investment option.
  • Choose from either our Investment Account or for a tax efficient option, our Investment ISA.
  • Complete an online application in minutes then select your fundsFunds are managed by professionals and pool investors' money together and invest on their behalf. Since your investment can be spread over a range of different stock markets, sectors and investment types, the risk involved may be reduced.. The experts will take care of the rest.

Investing vs Saving

  • Cash savings grow steadily but slowly and can be accessed easily. 
  • Your savings may be impacted if the rate of return is lower than inflationInflation causes a rise in costs for goods and a drop in your purchasing power over a period of time. e.g. a pint of milk in 1990 was 25p whereas a pint of milk in 2020 would cost you 43p..
  • Investing can offer greater returns, but this is not guaranteed and your investments can fall as well as rise.

Why try it?

  • Easy - Fill in your application in minutes then allow our investment experts to do the rest.
  • Flexible - You can invest from £100 per month or a lump sum of £2,000.
  • Ready-made - Our experts take care of the day to day management of the funds to make sure it continues to meet your needs.

The differences between Savings and Investments

Although there is no tie in period, our investments are designed for the medium to long-term so you should plan to hold them for at least 5 years. Whilst investments tend to outperform cash savings over the long term, you should always make sure you have enough cash available for emergencies or short term expenses like car repairs, or new home appliances.

Cash savings offer much more predictable and secure growth which is why experts usually advise that you should keep around 3 months’ worth of expenses in cash as a minimum. Once you’re comfortable that you have enough cash savings for an emergency or short term expenses, investments could help you achieve a higher return from the rest of your money over the longer term.

Inflation makes things more expensive over time

Your savings may be worth less in the future if returns are lower than inflation.

Inflation makes things more expensive over time.

Cash savings vs Investments

Cash savings grow steadily but slowly. Investors aim to benefit from greater returns and accept this is not guaranteed.

Line graph showing Cash savings versus Investments.

Cash data in the graph is based on the Moneyfacts 90 day 10k index between 01/04/2016 and 01/04/2021.

Investments data in the graph is based on the actual performance of the FTSE All Share index between 01/04/2016 and 01/04/2021. A ready-made investment would be impacted by the investment’s charges which are currently a maximum of 0.62%. These figures are based on the past, and past performance is not a reliable indicator of future results.

Source: Web Financial Group (1st May 2021) and Moneyfacts.co.uk (1st May 2021).

Please remember that the value of investments and the income from them can fall as well as rise, and you may get back less than you invest. If you’re not sure about investing, seek financial advice. Tax treatment depends on individual circumstances and may be subject to change in the future.

Your Money, Protected

Our Ready-made investments are protected up to a total of £85,000 by the Financial Services Compensation Scheme. This limit applies to the total of any investments held across Halifax Share Dealing Limited.

This is in addition to protection from any other current or savings accounts held with the group.

Financial Services Compensation Scheme logo

Investment funds explained

1. What are investment funds?

Professional fund managers pool the money of investors to buy and hold a spread of different assets, helping you benefit from:

  • Spending less time and effort because investment experts do the work on your behalf.
  • Taking on risk that is more spread out without having to buy lots of different assets yourself.

2. What is an asset?

Funds are invested in 'assets'. There are four types of assets in our ready-made investments:

  • Shares - Buy a small slice of a company (such as Lloyds Banking Group).
  • Property - Invest in houses, business premises or in a fund containing these properties.
  • Bonds and Gilts - A loan made by investors to governments and companies paying out a fixed return.
  • Cash - Investors’ money can also be stored as cash too as a way to lower risk.

3. What’s the risk?

Consider the amount of risk you are happy to accept.

  • Low - a fund will hold more bonds and gilts meaning risk and potential growth will be lower.
  • Medium - An investment that offers more balance between lower risk assets (e.g. bonds) and higher risk assets (e.g. shares) so potential growth and risk may be more steady.
  • High - Shares will make up the majority of the fund. Investors who put money into higher risk funds look for potentially higher returns but accept the value of their investment can fall as well as rise a lot more.

What is a fund?

A fund will have a mixture of investment types so you don’t have to pick your own.

A fund with mostly bonds and gilts will be lower risk with lower potential growth.

A fund with mostly shares will be higher risk with higher potential for growth.

Types of funds.

Our ready-made investments

Managed Growth Fund 2

Fund manager approach: CautiousOur Cautious fund is dominated by lower risk assets such as government bonds and high quality corporate bonds but additionally may include small exposures to high-yield bonds. Our Cautious fund may also have some exposure to shares (UK and International), property and other riskier assets which have the potential for higher returns than bonds.

Risk level: Lower

Investment splitThis is the fund’s strategic asset allocation. The current asset allocation can be found within the fund’s factsheet. The asset breakdowns shown are indicative only and subject to change.

Low risk donut graph

Light blue block  Shares - 25.5%

Navy blue block  Bonds & Gilts - 61.5%

Orange block  Property - 6%

Green block  Other - 7%


Charges:

You would pay charges of £5.70 for this amount. This is based on you investing £1,000.


Key documents:

Managed Growth Fund 2 KIID (PDF, 108KB)
Factsheet (PDF, 138KB)

Managed Growth Fund 4

Fund manager approach: BalancedOur Balanced fund aims to hold a mixture of shares and bonds typically on a relatively equal basis. This fund may have exposure to property and absolute return strategies and other assets.

Risk level: Medium

Investment splitThis is the fund’s strategic asset allocation. The current asset allocation can be found within the fund’s factsheet. The asset breakdowns shown are indicative only and subject to change.

Medium risk donut graph

Light blue block  Shares - 50.5%

Navy blue block  Bonds & Gilts - 35%

Orange block  Property - 6.5%

Green block  Other - 8%


Charges:

You would pay charges of £6.00 for this amount. This is based on you investing £1,000.


Key documents:

Managed Growth Fund 4 KIID (PDF, 107KB)
Factsheet (PDF, 138KB)

Managed Growth Fund 6

Fund manager approach: ProgressiveOur Progressive fund is dominated by exposure to UK and International shares but may also have some bonds, property, cash and absolute returns strategies to aim to lower volatility during market fluctuations.

Risk level: Higher

Investment splitThis is the fund’s strategic asset allocation. The current asset allocation can be found within the fund’s factsheet. The asset breakdowns shown are indicative only and subject to change.

Higher risk donut graph

Light blue block  Shares - 76.2%

Navy blue block  Bonds & Gilts - 15.3%

Orange block  Property - 3.5%

Green block  Other - 5%


Charges:

You would pay charges of £6.30 for this amount. This is based on you investing £1,000.


Key documents:

Managed Growth Fund 6 KIID (PDF, 107KB)
Factsheet (PDF, 138KB)

Read Our Fund Range and Investments (PDF, 1.6MB) for more information about the funds, including how they are managed, their risks and objectives, and a breakdown of the charges.

Our funds' past performance

The data in the below table and performance chart refer to the past, and past performance is not a reliable indicator of future results. The performance data includes the ongoing charge and all transaction costs within the fund, but does not include the 0.24% service fee which is paid to us once per year.

Performance over the previous 18 months has been affected by the recent upturn in market conditions and this level of performance is not guaranteed to continue. Investment performance can fall as well as rise.

Source of data: FE Fundinfo

Date

Managed Growth Fund 2
 

Cautious

Managed Growth Fund 4
 

Balanced

Managed Growth Fund 6
 

Progressive

Date

30 Sept 2020 – 30 Sept 2021

Managed Growth Fund 2 Cautious

7.2%

Managed Growth Fund 4 Balanced

13.5%

Managed Growth Fund 6 Progressive

19.0%

Date

30 Sept 2019 – 30 Sept 2020

Managed Growth Fund 2 Cautious

-0.7%

Managed Growth Fund 4 Balanced

-3.5%

Managed Growth Fund 6 Progressive

-4.7%

Our funds were launched on 16th September 2019, so we can only provide performance data from this date. 

Date

Managed Growth Fund 2
 

Cautious

Date

30 Sept 2018 – 30 Sept 2019

Managed Growth Fund 2 Cautious

Our funds weren’t launched until 16th September 2019.

Date

30 Sept 2017 – 30 Sept 2018

Managed Growth Fund 2 Cautious

Our funds weren’t launched until 16th September 2019.

Date

30 Sept 2016 – 30 Sept 2017

Managed Growth Fund 2 Cautious

Our funds weren’t launched until 16th September 2019.

The data is correct as of 30/11/2021.

The above graph shows the percentage change of the funds since launch. This is to help you understand how the funds have performed over the longer term.

Please remember that the data in the above table and below performance graph refer to the past, and past performance is not a reliable indicator of future results.

The Last Available Price for each fund is shown below the graph and this is usually the price from the previous trading day. If you decide to invest in one of our funds, your trade will be sent to the Fund Manager and you will get the price given on the next available valuation point for this fund, which could be higher or lower than the price shown above.

Understanding what you’ll pay per year

Our charges are based on the value of your total investment and are paid every year.

Fund charges

Cautious: 0.57%
Balanced: 0.60%
Progressive: 0.63%

Service feeThe service fee is 0.24% and is calculated monthly (minimum of 20p per month) based on the total value of your investment and is then paid to us once a year. This fee covers our costs for managing your account.

0.24%

Ongoing chargeThis is charged by the fund manager for their services and is built into the total value of your fund.

Cautious: 0.26%
Balanced: 0.25%
Progressive: 0.25%

Transaction costsTransaction costs are incurred when the fund manager buys and sells investments within the fund. These costs are built into the fund's value.

Cautious: 0.07%
Balanced: 0.11%
Progressive: 0.14%

  • Our charges are based on the value of your fund and are calculated once a month (minimum of 20p a month) and charged once a year.

    Value of your investment

    Managed Growth Fund 2 (0.57%)
     

    Cautious

    Managed Growth Fund 4 (0.60%)
     

    Balanced

    Managed Growth Fund 6 (0.63%)
     

    Progressive

    Value of your investment

    £1,000

    Managed Growth Fund 2 (0.57%) Cautious

    £5.70

    Managed Growth Fund 4 (0.60%) Balanced

    £6.00

    Managed Growth Fund 6 (0.63%) Progressive

    £6.30

    Value of your investment

    £5,000

    Managed Growth Fund 2 (0.57%) Cautious

    £28.50

    Managed Growth Fund 4 (0.60%) Balanced

    £30.00

    Managed Growth Fund 6 (0.63%) Progressive

    £31.50

    Value of your investment

    £10,000

    Managed Growth Fund 2 (0.57%) Cautious

    £57.00

    Managed Growth Fund 4 (0.60%) Balanced

    £60.00

    Managed Growth Fund 6 (0.63%) Progressive

    £63.00

    Value of your investment

    £20,000

    Managed Growth Fund 2 (0.57%) Cautious

    £114.00

    Managed Growth Fund 4 (0.60%) Balanced

    £120.00

    Managed Growth Fund 6 (0.63%) Progressive

    £126.00

Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

Eligible investments with us are protected by the Financial Services Compensation Scheme (FSCS). For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk/. You can also visit our Financial Services Compensation Scheme page for more details.

Eligible investments are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

More about the FSCS