SIPP recommendations

[gixxer2021]

This is a great report on platform fees but unfortunately ISA based but may have some useful info anyway -
https://langcatfinancial.co.uk/publi...nvesting-2021/

I’m with HL, as stated not the cheapest for funds but I’ve a lot of shares in my SIPP so good value for those, and a great interface so easy to use. Transferred in from an old SL pension and was really easy, simple form and that was it. The other advantage to HL is they appear to be compatible with a lot of umbrellas.

[Dark Black]

S&S ISA and SIPP with Fidelity - the SIPP was original managed by Cavendish using Fidelity's platform but was acquired by Fidelity in 2020.

Charges 0.35% up to 250k, 0.20% thereafter.

Happy with them. The website was initially rather basic compared with some of the bigger investor platforms, but has come on in leaps and bounds over the last couple of years.

[Maslins]

Everything is in FTSE Global All Cap Index Fund Accumulation.

This is what I've done too, for myself and my wife. I did briefly consider the £85k FSCS thing, but my logic was:
- the fund providers surely own the underlying shares, so if the fund provider went bust, presumably that's just an admin faff for someone (ie the underlying company shares don't disappear)?
- the fund platform is just a shop front, so if the fund platform went bust, again presumably that's just an admin faff for someone (ie the funds don't disappear)?
- I'm lazy and don't want to spread SIPPs/ISAs across different fund providers and/or platforms.

To my mind the only realistic way a global index fund thing can go pop is if we have some kind of really bad global pandemic, or some dictator starts World War 3, things like that

[Fred Bloggs]

This is what I've done too, for myself and my wife. I did briefly consider the £85k FSCS thing, but my logic was:
- the fund providers surely own the underlying shares, so if the fund provider went bust, presumably that's just an admin faff for someone (ie the underlying company shares don't disappear)?
- the fund platform is just a shop front, so if the fund platform went bust, again presumably that's just an admin faff for someone (ie the funds don't disappear)?
- I'm lazy and don't want to spread SIPPs/ISAs across different fund providers and/or platforms.

To my mind the only realistic way a global index fund thing can go pop is if we have some kind of really bad global pandemic, or some dictator starts World War 3, things like that

......and in the case of a SIPP, the assets are held by a third party pension trustee not the platform provider.

Serious fraud is always theoretically possible. But at a leading retail fund platform, is unlikely in my opinion.