Reorganising 2 Small Stakeholder Pensions

dunstonh

Because it's too much like hard work.

Thats the first time I have heard anyone say that a Stakeholder is harder work than a SIPP.

Sorry but this is all boring and time wasting ( especially for 5k!)

The same is just as true for a SIPP.

Of course you'll probably have to wait a while for the insurance company to creak into action and actually release the money.They tend to think it belongs to them, so it's really hard to extract it sometimes.

Some are very poor. Mostly the closed insurance companies who you wouldnt be dealing with anyway. So saying they are all the same on the actions of a few is pointless.

You should try one DH, I'm sure you'd like it

Nope. I prefer the hybrid SIPP. Its cheaper then a full SIPP, even than the discount ones you often mention here. I dont have to worry about online stuff as I have software monitoring portfolios and reporting anything that goes out of sync on a daily basis. There is no point me using the software just for my clients. Got to use it on mine as well.

As I have said a few times now. I do not disagree with the investment potential that the SIPP can offer. However, someone with no investment experience wanting to pick a couple of funds to stick the money into would be wasting their money using a SIPP, full or hybrid.

50% in a tracker and 50% into property, done on a DIY PPP would have a reduction in yield of around 0.6%. The same in a SIPP would be around 1.3%. A tracker wouldnt make any difference whether it is in a SIPP, stakeholder or PPP and some of the best property funds are offered by the life companies.

It wouldnt be my choice of funds on an advice case and it wouldnt be yours but a novice wanting to stick it somewhere and forget about it could do a lot worse.

EdInvestor

50% in a tracker and 50% into property, done on a DIY PPP would have a reduction in yield of around 0.6%. The same in a SIPP would be around 1.3%. A tracker wouldnt make any difference whether it is in a SIPP, stakeholder or PPP and some of the best property funds are offered by the life companies.

A tracker costs as little as 0.3% outside a pension, these are not suitable investments for pensions IMHO, as the pension charges are too high.Can you get into the insurer's property funds any more?Standard Life's is closed to new investors, and I think NU's is also isn't it?

However, someone with no investment experience wanting to pick a couple of funds to stick the money into would be wasting their money using a SIPP, full or hybrid.

Who's suggesting one of those?

I'm not.

I'm suggesting a low cost online Sipp with no annual fee and rebated charges on top end funds.

I suggest the OP goes over to

https://www.hargreaveslansdown.co.uk

and has a look at its Sipp offering.

Difficult to beat on charges for top funds.

dunstonh

HL will make a charge if the fund doesnt pay any fund based renewals. Those low cost trackers you mention do not pay any fund based renewal.

Can you get into the insurer's property funds any more?

Norwich Union and L&G have varients available. Std Life have their replacement "select" fund but its not the same thing.

Difficult to beat on charges for top funds.

Hybrid SIPP can beat HLs full SIPP on charges. Although on 5k, that wouldnt be the case as the amount isnt enough for fund based discounting to apply.

HL do not discount annual charges on their SIPP.