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  • FIRST POST
    • diveleader
    • By diveleader 25th Feb 13, 9:01 AM
    • 116Posts
    • 31Thanks
    diveleader
    SWIP FTSE All Share Index 0.1 TER
    • #1
    • 25th Feb 13, 9:01 AM
    SWIP FTSE All Share Index 0.1 TER 25th Feb 13 at 9:01 AM
    As the title says - what are your thoughts on this fund as a low cost option for a SIPP?
Page 1
    • SnowMan
    • By SnowMan 25th Feb 13, 9:16 AM
    • 3,011 Posts
    • 5,571 Thanks
    SnowMan
    • #2
    • 25th Feb 13, 9:16 AM
    • #2
    • 25th Feb 13, 9:16 AM
    My thoughts are that is only available through Hargreaves Lansdown (as far as I am aware) which I don't like.

    Firstly there is the platform charge to add in of £24pa.

    Hargreaves Lansdown also will be amending their charges to allow for platform RDR. So don't be surprised to see a large increase in charges.

    From past experience HL will also make it very difficult to move away when they do increase charges. I had to get the Financial Ombudsman to get HL to act fairly when I moved away because of a large charge increase.

    It will not be possible to re-register that fund away when they do increase charges because only HL offer it.

    So generally you are better off with the Vanguard FTSE all share tracker which has a great record of tracking the index closely or the HSBC C class tracker. Both have marginally higher quoted TERs/OCFs than the SWIP fund.

    You of course need to factor in your own position and platform and fund charges for your whole portfolio in making a decision which all share tracker to hold and where.
    I came, I saw, I melted
    • ozzage
    • By ozzage 25th Feb 13, 9:45 AM
    • 518 Posts
    • 310 Thanks
    ozzage
    • #3
    • 25th Feb 13, 9:45 AM
    • #3
    • 25th Feb 13, 9:45 AM
    If you're with HL anyway, as I am, then it's great! You need enough in there to make it worthwhile with the £24 per year but with a TER of 0.1% that isn't really very much.
    • dunstonh
    • By dunstonh 25th Feb 13, 10:00 AM
    • 82,250 Posts
    • 47,354 Thanks
    dunstonh
    • #4
    • 25th Feb 13, 10:00 AM
    • #4
    • 25th Feb 13, 10:00 AM
    You would be silly to invest 100% of your fund in there. Too much in one place.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • diveleader
    • By diveleader 25th Feb 13, 10:06 AM
    • 116 Posts
    • 31 Thanks
    diveleader
    • #5
    • 25th Feb 13, 10:06 AM
    • #5
    • 25th Feb 13, 10:06 AM
    You would be silly to invest 100% of your fund in there. Too much in one place.
    Originally posted by dunstonh
    Yes, I would never put 100% there - just thinking of circa 20%
    • SallyG
    • By SallyG 25th Feb 13, 10:50 AM
    • 793 Posts
    • 175 Thanks
    SallyG
    • #6
    • 25th Feb 13, 10:50 AM
    • #6
    • 25th Feb 13, 10:50 AM
    Why has SWIP made this exclusive to HL?
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