We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Execute only Income drawdown Providers

Stevemale
Stevemale Posts: 1 Newbie
in Pensions, annuities & retirement planning
Can anyone please advise me on Companies that do not insist I go through an IFA, to utilise an income drawdown fund, I have £70K to invest and I object to giving 3.5% + 0.5% p.a. for poor advice when I have been happily investing most of my life. I wish to invest the funds myself.

Comments

  • dunstonh
    dunstonh Posts: 120,309 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I object to giving 3.5% + 0.5% p.a. for poor advice when I have been happily investing most of my life. I wish to invest the funds myself.

    Who says you have to pay that?

    Anyway, you can use any DIY SIPP provider. HL is one that comes up often here if you want to use funds. no initial charges, although the annual management charges would be more expensive than a typical execution only case put through an IFA. If you want to hold direct assets then there are others that are more suitable.
    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.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    https://www.sippdeal.co.uk
    https://www.h-l.co.uk
    https://www.alliancetrust.co.uk
    Trying to keep it simple...;)
  • [Deleted User]
    [Deleted User] Posts: 12,492 Forumite
    10,000 Posts Combo Breaker
    I use sippdeal and get income drawdown. Easy to do
  • MikeJones_2
    MikeJones_2 Posts: 778 Forumite
    500 Posts
    Great thread title, if taken literally though...

    Mike
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    MikeJones wrote: »
    Great thread title, if taken literally though...

    Mike


    LOL.:D

    Yeah, leave the annuity providers alone......;)
    Trying to keep it simple...;)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture