SIPPs - I told you so

[Fred Bloggs]

You are aware that 80% -90% of actively managed funds do worse than simply buying an index tracker

See Index Funds Beat Actively Managed Funds - Business Insider

Yes, indeed. That's why I hold only five funds in my SIPP and they are all top performers over both the long and short terms.

[eek]

Thanks for the suggestion. I hadn't considered ETFs but I prefer actively managed funds to tracker type investments (AFAIUI, ETFs are index trackers?).

You are aware that 80% -90% of actively managed funds do worse than simply buying an index tracker

See Index Funds Beat Actively Managed Funds - Business Insider

[Fred Bloggs]

Another option is to invest in ETFs which trade at neither a premium nor a discount and these are subject to the same charges at H/L as shares, capped at £200p.a. The ETFs themselves have an annual charge of typically between 0.1% and 0.5%.

Thanks for the suggestion. I hadn't considered ETFs but I prefer actively managed funds to tracker type investments (AFAIUI, ETFs are index trackers?).

[Retro]

Investment Trusts? As an income centric investor I've missed that boat as the income trusts are trading on pemiums. My SIPP is invested in a basket of income generating unit trusts.

Another option is to invest in ETFs which trade at neither a premium nor a discount and these are subject to the same charges at H/L as shares, capped at £200p.a. The ETFs themselves have an annual charge of typically between 0.1% and 0.5%.

[Fred Bloggs]

I am with HL and as I hold shares rather than funds I pay a flat £200 a year

Investment Trusts? As an income centric investor I've missed that boat as the income trusts are trading on pemiums. My SIPP is invested in a basket of income generating unit trusts.

[SimonMac]

I am with HL and as I hold shares rather than funds I pay a flat £200 a year

[Mulder]

Im with EPML/Selftrade and pay a fixed rate, rather than %, and invest in shares, so no management fees from what I have invested in heading off to EPML/Selftrade.

[Fred Bloggs]

Indeed, I am very happy with HL but they have become unaffordable (IMO) with their platform fee of 0.45% and fund management fees of typically ~0.6% on top. On my SIPP I shall be paying about £2k a year in fees unless I move. So I'm moving my SIPP to Interactive Investor as they use a flat rate fee structure instead of a %.

[psychocandy]

I've never understood the popularity here of Hargreaves Lansdown for SIPPS. Now that legislative changes have increased transparency with regard to charges, it's clear to people who previously couldn't be bothered reading the small-print exactly how expensive they actually are. Apparently many customers are unhappy.

Link to telegraph article with table highlighting how expensive they are. (And where to go for cheaper alternatives.)

DIY pensions: The cheapest Sipp fund supermarkets - Telegraph

Hmmm. Interesting. I'm with HL. Not so good it seems....

[IR35 Avoider]

I've never understood the popularity here of Hargreaves Lansdown for SIPPS. Now that legislative changes have increased transparency with regard to charges, it's clear to people who previously couldn't be bothered reading the small-print exactly how expensive they actually are. Apparently many customers are unhappy.

Link to telegraph article with table highlighting how expensive they are. (And where to go for cheaper alternatives.)

DIY pensions: The cheapest Sipp fund supermarkets - Telegraph