Welbeck Group

[andyc2000]

Anyone had any recent dealings with Welbeck? They seem professional enough. A google search reveals one very disgruntled ex customer, but that seems like a misunderstanding. Other than that has anyone used them for a SIPP? If so did the setup costs seem typical?

Cheers

Andy

[Fred Bloggs]

Never heard of them. You could do a lot worse than open a SIPP account with Hargreaves Lansdown, I have used them for a number of years and their customer service is excellent. Set up costs for a SIPP at HL are zero.

[cojak]

Be very careful which Welbeck company you deal with...

http://forums.contractoruk.com/gener...d-welbeck.html

[andyc2000]

Be very careful which Welbeck company you deal with...

It's not the boiler room version of the company - they have offices and everything, all FSA registered etc. Will be getting quotes from other companies as well.

[kevpuk]

Not heard of them, but another vote for Hargreaves Lansdown...

[Fred Bloggs]

Not heard of them, but another vote for Hargreaves Lansdown...

Given what's potentially at stake when investing largish sums of money in a pension, I'd avoid anyone that weren't well known by featuring in the press and other places. Names like Alliance Trust Savings, SIPP Deal, Best Invest, Chelsea Financial etc.. all spring to mind.

[kevpuk]

Given what's potentially at stake when investing largish sums of money in a pension, I'd avoid anyone that weren't well known by featuring in the press and other places. Names like Alliance Trust Savings, SIPP Deal, Best Invest, Chelsea Financial etc.. all spring to mind.

Sorry, badly worded post....I meant I had not heard of the Wellbeck Group, and recommend Hargreaves Lansdown - I use HL myself, and have found them very good.

[andyc2000]

Sorry, badly worded post....I meant I had not heard of the Wellbeck Group, and recommend Hargreaves Lansdown - I use HL myself, and have found them very good.

With the HL product, how much effort do you find you have to put in to manage the funds? Is it easy enough even if you're not that investy savvy?

[kevpuk]

With the HL product, how much effort do you find you have to put in to manage the funds? Is it easy enough even if you're not that investy savvy?

I wouldn't class myself as particularly investment-savvy, but then am happy to read up on funds and do have a pretty good understanding of principles. What HL do offer, though, is a wealth of information on both funds and strategies one can undertake, and my advice would be to have a good session or few reading up on their website.
For example, they have a group of funds called the Welath 150 which are highly regarded 'tips' if you like; no guarantees, but a good start point. On top of that, there are managed trackers that ease the burden of choice a little, potentially at the cost of increased management charges.
So, read, read and read some more, I would say

[Fred Bloggs]

With the HL product, how much effort do you find you have to put in to manage the funds? Is it easy enough even if you're not that investy savvy?

What Kevpuk says is not far off the mark. I'm a little sceptical of the HL wealth 150 list of funds though, there are a few dogs in the list. Do your research at web sites such as Citywire and Trustnet and then make your choices. It isn't that difficult to sort the consistently good performing fund managers from the also rans. Good luck.