SIPP Provider

[ukessex09]

Looking to start SIPP pension at age 40

Please could you what would be the good sipp provider.

Looking to buy low cost funds and shares if possible later

would be putting £1k every month in SIPP that the plan.

I have see HL which are charging 0.45%

any other platforms which are good and charge less and good service.

I have heard vanuguard coming up next year.

[chip*]

If you want to invest in Vanguard now, you can simply open an ii SIPP account (link below) and buy the Vanguard fund without having to wait for Vanguard to publicly open their SIPP account. The ii basic plan is £10 a month which is pretty cheap + the standard fund fee on top. Another huge benefit is the availability/wider choice of other investment funds and shares too (which you are seeking), so you ain't restricted to only Vanguard funds if you only had a Vanguard account.

https://www.ii.co.uk/ii-accounts/sipp

Edited by chip* on Thursday 23 January 10:25

[95JO]

chip* said:

If you want to invest in Vanguard now, you can simply open an ii SIPP account (link below) and buy the Vanguard fund without having to wait for Vanguard to publicly open their SIPP account. The ii basic plan is £10 a month which is pretty cheap + the standard fund fee on top. Another huge benefit is the availability/wider choice of other investment funds and shares too (which you are seeking), so you ain't restricted to only Vanguard funds if you only had a Vanguard account.

https://www.ii.co.uk/ii-accounts/sipp

Edited by chip* on Thursday 23 January 10:25

Is £10pm cheap?!

[chip*]

Also, just sharing a recent article explaining the cheapest platform options if you want to invest Vanguard into your SIPP account.

https://moneytothemasses.com/saving-for-your-futur...

[av185]

Bear in mind if you want to trade funds HL is free trades included in the .45 fee.

I

[mikeiow]

Vanguard are certainly a decent low-cost provider.

Another option would be to check the IM sticky (sponsoring the forum) thread - also low cost, very transparent charges & a decent bunch of people too. We used them to start SIPPs for our youngsters (in twenties) plus MrsMikeIOW, plus a couple of PH Equity ISAs (so my 'interest' in them is as an investor).

Within the monster thread there were some (positive) comparisons of the IM index options (& others) with Vanguard....plus you have someone to speak with about finance topics (Vanguard leaves you making all the decisions in isolation)

[VR99]

I previously had a SIPP with HL but later transferred back to my employer pension and merged after I changed jobs as didn't want the hassle of managing myself and HL isnt the cheapest. Yes HL have all the bells and whistles and a great website/cust service but it's a bit overkill for me as I won't use it so just my 2 pence.

[JulianPH]

mikeiow said:

Vanguard are certainly a decent low-cost provider.

Another option would be to check the IM sticky (sponsoring the forum) thread - also low cost, very transparent charges & a decent bunch of people too. We used them to start SIPPs for our youngsters (in twenties) plus MrsMikeIOW, plus a couple of PH Equity ISAs (so my 'interest' in them is as an investor).

Within the monster thread there were some (positive) comparisons of the IM index options (& others) with Vanguard....plus you have someone to speak with about finance topics (Vanguard leaves you making all the decisions in isolation)

Thanks for the comprehensive review Mike!

OP - If this is of interest then get in touch. If you want to manage your portfolio yourself have a look at Fidelity through Cavendish Online, which is 0.25% plus fund costs.

You would need just shy of £50k invested before ii became more cost effective and HL is nearly twice the price than using Cavendish/Fidelity.




Edited due to predictive text making me look like an idiot!

Edited by JulianPH on Friday 24th January 05:12

[BlackG7R]

If you are confident picking your own funds, then Vanguard has got to be at the top of any shortlist when their SIPP launches.

[Macron]

This is asked about once every 10 days.

Loads of cheap providers. If you want “free” pens and fat rich people telling you which funds will earn them the most commission, go HL. They have a pretty interface and never waste an opportunity to tell you about their other products.

Or, look at AJ Bell (you invest), Charles Stanley Direct et al, and decide which you like the look of. For a low fee you won’t get fancy glossy newsletters.

[Omegatt]

I'm currently with HL and looking to move my SIPP, trouble is I have quite a bit invested in the AIM market, being a casino, I wouldn't want to sell those be out of the market, while I transfer into the new provider, potentially missing out on a share price spike.

Does anyone know if I can transfer part of a SIPP ie the much larger portion invested in funds / IT's and leave the gambling chips in HL where at the lower amount their commission structure wouldn't be too bad ?

Thanks in advance if anyone has done similar before

[ukessex09]

So looking at it Hl is very expensive by all the replies

So comparing to other providers which provider has all the funds and shares to choose from and still low cost and in longer better value for money?

I have tried looking at many and there is no clear way to compare like to like

[WindyCommon]

ukessex09 said:

...comparing to other providers which provider has all the funds and shares to choose from and still low cost and in longer better value for money?

...

I think that "...and has decent customer service" is worth adding to your list of criteria.

I like Charles Stanley Direct. They are reasonable on cost, but seem to have excellent customer service. Whenever I've needed to speak with them (not all questions are answerable through FAQs etc) I have been impressed with the knowledge and approach of their front-line staff. FWIW I used to run an investment businesses with a large retail client base and contact centre, so I have a professional understanding of what good looks like.

[chip*]

If cost is your primary driver, then take a look at this MSE thread where a forum member has compiled a speadsheet comparing the various SIPP platform cost.

https://forums.moneysavingexpert.com/showthread.ph...

As WindyCommon rightly points out, you should consider other factors which are important to you e.g. clued up customer service, access to phone app to view your account / to deal, etc..

While you are in the MSE link, I would recommend checking out the MSE (Pension & saving) forums as there are a couple of decent contributors / IFA's who openly assist DIY investor investment queries and (imo) provide a balanced response + highlighting other issues to consider too.

[essayer]

BlackG7R said:

If you are confident picking your own funds, then Vanguard has got to be at the top of any shortlist when their SIPP launches.

Bumping this thread instead of making a new one - is there any news on the Vanguard SIPP yet? Now getting charged £25/qtr by BestInvest which is a pain as I only have a small SIPP with them..

[Simpo Two]

£25 a quarter? What's that as a %age of the fund?

[webstercivet]

essayer said:

Bumping this thread instead of making a new one - is there any news on the Vanguard SIPP yet? Now getting charged £25/qtr by BestInvest which is a pain as I only have a small SIPP with them..

"Early 2020." 0.15% fee, capped at £375.

[essayer]

Simpo Two said:

£25 a quarter? What's that as a %age of the fund?

It’s about 1%, not the end of the world, just annoying

[BlackG7R]

Got an email last night saying Vanguard SIPP now open.