Best Self Funded Pensions (SIPP)

[pmeswani]

What did you find was good and not good about what was setup for you ? Was it personalised service or done over the phone as I hear that many of these SIPP providers don't actually bother making the time to meet you in person and just do it all via email etc. Pretty impersonal and often mistakes get made and they don't really know their client. How did you find the process?

For the SIPP providers to meet you, there is a cost.... even if you go down to their offices, or if they come to your neck of the woods. And as there is a cost, who do you think will ultimately pay for it? Just remember, time is money. If you want to have a personal touch to your pension provider, be prepared to pay higher fees for it.

[eek]

For the SIPP providers to meet you, there is a cost.... even if you go down to their offices, or if they come to your neck of the woods. And as there is a cost, who do you think will ultimately pay for it? Just remember, time is money. If you want to have a personal touch to your pension provider, be prepared to pay higher fees for it.

Its better to pay directly and upfront for any pension advice. It will cost you (taxed income) now but that's far, far better than losing a (say) 1% yearly fee on your pension fund.

There is a reason why pensions don't work for most people and its not because they don't save money its the fact that the compounded returns are destroyed by the (1-2%) annual fees that ruin the 5% annual return.

[JamesEggington]

There are a variety of SIPP providers in the UK, I found this table gives a good overview: Compare SIPP Providers

I think the best provider depends on your situation, ie what do you want to hold in there? There's different charges for funds/shares etc!

[DallasDad]

I know this is an old thread but I would just like to say thank you for some of the common sense given here, much appreciated