SIPP Pension Initial Costs - IFA

[Spoiler]

So ... II. The transfer process was getting painful so I've cancelled it and am ditching them

Back to looking at other providers now.
The new Vanguard SIPP looks a good choice, but I may want to buy non-VF funds/ETFs

Would prefer a flat-fee over %, so looking at iWeb & Halifax I think.

[sludgesurfer]

I have a SIPP with Iweb also. All in all, pretty pleased. The only complaint I have is that to make any changes to employer contributions (including a one-off payment) requires sending in a form (e-mail may also be acceptable) whereas HL allows changes to be made online.

[Spoiler]

I have a SIPP with Iweb also. All in all, pretty pleased. The only complaint I have is that to make any changes to employer contributions (including a one-off payment) requires sending in a form (e-mail may also be acceptable) whereas HL allows changes to be made online.

Thanks for that, my LTD typically pays in a regular monthly amount so hopefully, it'll be just 1 form to send back.

And, noticed that iWeb, Halifax sharedealing are part of the same group.

[Maslins]

I have a SIPP with Iweb also. All in all, pretty pleased. The only complaint I have is that to make any changes to employer contributions (including a one-off payment) requires sending in a form (e-mail may also be acceptable) whereas HL allows changes to be made online.

Yeah I recently had this with interactive investor. Wanted to change the amount of a monthly direct debit from employer into the SIPP (from/to same account, just amount changing). Only way they could do it was for me to cancel the existing direct debit, and hand complete a new mandate with revised amount to post to them. Did seem a bit rubbish given I thought a key benefit of direct debit was the recipient can easily amend the amount!

[adubya]

I have a SIPP with Iweb also. All in all, pretty pleased. The only complaint I have is that to make any changes to employer contributions (including a one-off payment) requires sending in a form (e-mail may also be acceptable) whereas HL allows changes to be made online.

I Email iWeb a filled in version of their additional contributions PDF form for my ad-hoc contributions. For the signature page they do want a "real" sig though so print that one page off, sign, scan and attach to the EMail. I can live with that, the HL 0.45% platform fee would make a real dent into the SIPP compared with iWeb.

[sludgesurfer]

I Email iWeb a filled in version of their additional contributions PDF form for my ad-hoc contributions. For the signature page they do want a "real" sig though so print that one page off, sign, scan and attach to the EMail. I can live with that, the HL 0.45% platform fee would make a real dent into the SIPP compared with iWeb.

....if you choose to buy funds

[adubya]

....if you choose to buy funds

Yup, all of my SIPP is in funds.

[Cirrus]

I wouldn't think someone was daft for sticking with HL despite higher charges.

I think HL have a maximum platform charge of about £450. Fund charges look quite low to me. You can get a Legal & General US tracker for 0.06%

[WordIsBond]

I think HL have a maximum platform charge of about £450. Fund charges look quite low to me. You can get a Legal & General US tracker for 0.06%

Really?

0.45% for the first £250K, 0.25% for the next £750K, 0.1% for the next £1M. I think it's £4K max but can't be bothered to make sure.

Yes, fund charges are low with HL.

[SimonMac]

I pay a max of £200 a year with HL as I use mainly shares rather than funds