Recommend me a stock broker from the list below

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Retired_Minky
Retired_Minky Posts: 175 Forumite
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in Pensions, annuities & retirement planning
I have a SIPP with Liberty.

They only allow investments via the following list of stockbrokers:

https://www.libertypensions.com/investment-options/dfms-advisory-stockbrokers

I'm looking to invest in funds. I'm happy to choose myself. Was thinking of Vantage lifestyle 100 and 80 funds.

Anyone recommend a broker from the list to use?

I know there is a separate list but I don't want to move my pension from liberty unless unavoidable.

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  • Retired_Minky
    Retired_Minky Posts: 175 Forumite
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    Sorry. Forgot to mention I have about £130k to invest.
  • Notfarfromtheborder
    Notfarfromtheborder Posts: 176 Forumite
    First Anniversary First Post Combo Breaker Mortgage-free Glee!
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    I would think it would initially depend on what you want, as you wish to choose yourself, a DFM is probably not suitable, advisory more so but still not what you say you want.


    If you are sure you want to choose the funds yourself it would be a case of finding which of these companies allow this and what their charges / services are.


    Are you sure Liberty don't offer a direct client service rather than through a broker?


    Someone with a bit more knowledge will probably be along soon....
  • xylophone
    xylophone Posts: 44,412 Forumite
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    You can have more than one pension plan.

    Leave Liberty as it is and open another SIPP elsewhere?
  • dunstonh
    dunstonh Posts: 116,371 Forumite
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    Why are you choosing a discretionary fund manager?

    I am not a fan of DFMs. They add a layer of charges and their investment returns are usually not worth it and can be matched or improved upon by using conventional options at lower cost.

    I'm looking to invest in funds. I'm happy to choose myself. Was thinking of Vantage lifestyle 100 and 80 funds.

    Then using a DFM does not fit with that objective.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Retired_Minky
    Retired_Minky Posts: 175 Forumite
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    Thanks. What's the cheapest pension to invest in Vanguard Lifestyle. Unfortunately Vanguard doesn't have a SIPP.
  • xylophone
    xylophone Posts: 44,412 Forumite
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    http://monevator.com/vanguard-direct-uk/

    Vanguard Sipp on the way apparently.
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