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SIPP advice

13

Comments

  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    How much is the rebate on annual commission?

    Remember the Skandia CRA is designed for funds (currently). SIPPs are designed for direct investments. So, they are different target markets.
    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.
  • purch
    purch Posts: 9,865 Forumite
    What have I missed?

    I remember the Alliance Trust SIPP being discussed on here last year, and if I remember correctly a few people with experience of the product were not particularly impressed with the Admin side.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Gatser
    Gatser Posts: 625 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    dunstonh wrote: »
    How much is the rebate on annual commission?

    Remember the Skandia CRA is designed for funds (currently). SIPPs are designed for direct investments. So, they are different target markets.

    rebate on AMC appears to be generally at 50%, eg get 0.75% back where AMC is 1.5%. Better than nothing...

    The AT product looks more flexible and cheaper... as AT can do what Skandia do & more , my money is heading towards AT.
    THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)
  • Gatser
    Gatser Posts: 625 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    purch wrote: »
    I remember the Alliance Trust SIPP being discussed on here last year, and if I remember correctly a few people with experience of the product were not particularly impressed with the Admin side.

    Something to be wary of ...thanks.
    Otherwise AT looks like a better/cheaper offering (and a flexible SIPP to boot!)
    THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)
  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    rebate on AMC appears to be generally at 50%, eg get 0.75% back where AMC is 1.5%. Better than nothing...

    be wary on that. most funds with natural trail pay 0.5%.

    I havent checked but if they are talking about 0.75% then its probable that their platform is unbundled and the charges are elsewhere. i.e. a platform charge
    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.
  • JamesU
    JamesU Posts: 1,060 Forumite
    Part of the Furniture Combo Breaker
    edited 25 August 2010 at 4:54PM
    Gatser, Did you clarify with the IFA what their difference was between wholesale and retail on Skandia CRA? Not sure, but might be related to who sets this up and the AMCs?

    Interesting link here on pension costs and rebates with providers. Includes discussion on low cost Vanguard trackers available with Alliance Trust for "retail investors". But yet again, do not understand the differentiation between wholesale and retail.

    http://www.telegraph.co.uk/finance/personalfinance/pensions/7963437/How-to-save-12000-in-pension-charges.html


    Edit: removed question on XGBP, checked


    JamesU
  • Cautious_Investor_3
    Cautious_Investor_3 Posts: 579 Forumite
    Hi

    On the subject of SIPPs does anyone else have a problem about finding competitive deposit accounts for SIPPs?

    I'm finding it a real pain but I have come across a best buy table showing accounts that my SIPP can open, I'm new here so can' t post the link but google Investment Sense (.co.uk) and you will find them there.

    Hope this helps!

    Regards

    The Cautious Investor
  • Gatser
    Gatser Posts: 625 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Cautious_Investor wrote: »
    Hi

    On the subject of SIPPs does anyone else have a problem about finding competitive deposit accounts for SIPPs?

    I'm finding it a real pain but I have come across a best buy table showing accounts that my SIPP can open, I'm new here so can' t post the link but google Investment Sense (.co.uk) and you will find them there.

    Hope this helps!

    Regards

    The Cautious Investor

    Thanks alot!
    Yes... finding good deposits for SIPP money is a widespread problem...I will certainly take a look.
    If I spot anywhere else I'll post here.....

    Good luck!
    THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)
  • Gatser
    Gatser Posts: 625 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    JamesU wrote: »
    Gatser, Did you clarify with the IFA what their difference was between wholesale and retail on Skandia CRA?

    JamesU

    Sorry James.... I gave up! (apathy I think!)
    I cannot be bothered to discuss further with that particular IFA... cos its going to cost me, I just know it!
    In meantime...gone off Skandia via IFA, now I prefer the look of ALLIANCE TRUST Select SIPP.
    THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)
  • Gatser
    Gatser Posts: 625 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Cautious_Investor wrote: »
    Hi

    On the subject of SIPPs does anyone else have a problem about finding competitive deposit accounts for SIPPs?

    I'm finding it a real pain but I have come across a best buy table showing accounts that my SIPP can open, I'm new here so can' t post the link but google Investment Sense (.co.uk) and you will find them there.

    Hope this helps!

    Regards

    The Cautious Investor

    ....and THANKS again!!! :beer:
    There are lots of deposit opportunities on this IFA website.
    They generally look like an IFA worth talking to....
    MANY Thanks Oh Cautious one :T
    THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)
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