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Govt U Turn on protected rights in SIPPs
Comments
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You're so conventional DH.
Don't you think Sippdeal's customers are savvy enough to figure out that if they get it in one lump they can pay only a tenner? Then they can stuff it in a high interest account and get a better return over the year as they spend it - or reinvest any surplus in their ISA.
BTW Selestia also seems to make a lot of additional charges on fund investments as well.Trying to keep it simple...
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Don't you think Sippdeal's customers are savvy enough to figure out that if they get it in one lump they can pay only a tenner? Then they can stuff it in a high interest account and get a better return over the year as they spend it - or reinvest any surplus in their ISA.
Maybe so but not everyone wants inconvenience. Many people want their financial products to work to their needs. Not them having to work to their products requirements.BTW Selestia also seems to make a lot of additional charges on fund investments as well.
No they dont. Standard annual management 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.0 -
I see Scottish Widows has an offering for PR drawdown as well.
Features
But no info available on charges. How does it compare with the Selestia plan, do you know?Trying to keep it simple...0 -
Havent checked it. I don't do drawdown cases very often as most people dont want it due to the risk.
I'm not sure I would want Scottish Widows to be my drawdown provider. Thats without researching it but I think I would want a fund supermarket or SIPP provider as I would have more confidence in the admin. Plus their reporting and switching is a lot easier.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.0 -
I think I would want a fund supermarket or SIPP provider as I would have more confidence in the admin.
Err, SIPPS can't do PR drawdown.
That's what this thread is all about.:rolleyes:
We're looking for companies who will provide PR drawdown for people who already have their main pension in a SIPP drawdown and have been waiting for PR money to be allowed to follow suit, or who want to take the tax free cash from their pension, but keep the money invested in decent funds, not buy an annuity.
So far there is Selestia, and Widows.
Anything else spring to mind?
There's quite a gap in the market here now, methinks.Trying to keep it simple...0
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