SIPP, Hargreaves Lansdown and Funds

gallygirl

LongTermLurker wrote: »

They have a portfolio analysis tool https://online.h-l.co.uk/my-accounts/portfolio_analysis (after you've logged in)

You can analyse all your portfolio or select parts, such as just your SIPP - it gives your top funds, geographical breakdown, share & bond breakdown and a performance analysis of each fund. Morningstar do a good one as well, which is great if you have external pensions as it lets you add life & pension funds from a whole host of providers.

Not sure why the analysis tool would help you set up and save for the future though, specifically?

Thanks. How have I missed this . It helps by allowing me to review what holdings I have collectively, which in turn keeps my interest up, which makes me review my investments more regularly, which helps me maximise my holdings. In theory

dodecaphonic

To save me reading through all 25 pages can anyone offer suggestions of posts that might help me decide what to do.

I do have a couple of small pensions (total £250 per month) but I have 3 years to go before OA Pension. I have been self employed since the late 70s but could only afford small premiums into my other private pension fund (Aviva) which is still active but trawling through the Aviva web site to get to the bottom of the fund I think it has reached the stage where my £20,000 of funds have converted to the "Lifestyle" stage. This means the fund is invested in cash. I can't find the page again where I thought I saw the return (growth) being quoted as 0.2%??

A couple of years ago I used HL to buy a annuity based on a £25000 fund and ever since have received their newsletters etc including the one about SIPPs

So I am researching the possibility of transferring my Aviva fund to a SIPP through Hargreaves Lansdown or other "provider" to see if I can better that return mentioned above at not too big an increase in risk. This would be a new learning curve for me.

But I won't really retire unless needs must - just wind down a bit and then take an income when it looks best to do so.

So can anyone point me towards any posts that discuss similar situations. I did read a bit of page 1 but that is from 2006. The processes at HL may have change since then and other organisations may offer a better deal.

etc
etc

dunstonh

HL's SIPP is an experienced investor option. Are you going to use the features and options of the SIPP that will justify the extra charges you will pay?

If you dont want to be in cash on the Aviva pension then change the fund. The lifestyle risk reduction is optional. You dont have to use it.

dodecaphonic

dunstonh wrote: »

HL's SIPP is an experienced investor option. Are you going to use the features and options of the SIPP that will justify the extra charges you will pay?

If you dont want to be in cash on the Aviva pension then change the fund. The lifestyle risk reduction is optional. You dont have to use it.

Thanks for the comment. will ring Aviva and ask if I do have options for a higher yielding fund that is only a fraction greater risk than cash.

dunstonh

dodecaphonic wrote: »

Thanks for the comment. will ring Aviva and ask if I do have options for a higher yielding fund that is only a fraction greater risk than cash.

They should do. Older Aviva contracts will have less choice but the more modern ones have hundreds of funds which include corp bonds, gilts, high yield bonds etc.

dodecaphonic

dunstonh wrote: »

They should do. Older Aviva contracts will have less choice but the more modern ones have hundreds of funds which include corp bonds, gilts, high yield bonds etc.

Have now rung Aviva and immediate comments are:

1. Because of the particular contract and my age - 62, Funds can't be moved.
2. Because they are in cash it was thought that there would be no growth from no on.
3. Call centre person will double check these and make sure these fact are true.

So its back to other options perhaps.

Cautious_Investor_3

Hi

I'd say there are a number of reasons why you might want to hold cash in a SIPP, waiting to place a deal, nervous about markets, planning to buy an Annuity soon or you are just happy with the return that cash can provide.

I've found it hard to get a decent interest rate on my cash though, rates are generally poor on deposit at the moment, although there is a best buy table on the Investment Sense (.co.uk) website which helps.

Just thought I'd share!

The Cautious Investor

BrianD

"I've found it hard to get a decent interest rate on my cash though, rates are generally poor on deposit at the moment, although there is a best buy table on the Investment Sense (.co.uk) website which helps." There is also the "ipswich sipp" which pays up to 3.25% and if this is the only facility used no fees are charged

cing0

Sippdeal has the ability to set limit orders and stop loss on their
share & ETF trading platform and HL does not and they have no firm
date for introducing this. Should I assume limit orders and stop
loss are never going to happen until HL invest in a new trading system and
disregard them as a potential investment provider ?

ossian

Hi,

I've decided that the flexibility of having my protected rights in a SIPP outweighs the risks. So I'm about to contract out for this and next financial years.

However I am confused as when I previously did this the form were completed for me and I only had section 4 to check and sign. The guidance on the form (CA1542) from the Inland Revenue seams to suggest that the process is still like this and I should have a completed form to check and sign. This form is blank. What do H-L expect me to do?

(i) Is it fill in everything? If so what is the Appropriate Scheme Number (ASCN)?

(ii) is it just sign the form and trust them to fill in the correct details? This strikes me as a "blank cheque" approach.

Can anyone help please.

Thanks,
Ossian