SIPP comparison

Theyarv1

I have had a look at a few low cost SIPP providers to try and compare them. I will list them here, I would appreciate people pointing out things i've missed and general thoughts. I didnt put down trading costs as all were £10-15 in general


1. Fidelity
https://www.fidelity.co.uk/investor/...?smid=goxyv09k

Set up Free
Annual Free

Only investment funds, 0% initial charge on over 1200 funds

2. TD Direct Investing
http://www.tddirectinvesting.co.uk/c...charges/sipps/
[FONT=&quot]AJ Bell Management Limited carries out the administration of the SIPP and is the Scheme Administrator - does this make a difference anyone?[/FONT]


Set up Free
Administration .25% of value twice a year. Min £40, max £100 +VAT per collection
Interest paid on cash BOE-1%

·[FONT=&quot] UK Listed Equities [/FONT]
·[FONT=&quot] AIM Securities [/FONT]
·[FONT=&quot] Overseas Equities [/FONT]
·[FONT=&quot] Warrants and Covered Warrants [/FONT]
·[FONT=&quot] Convertible Securities [/FONT]
·[FONT=&quot] Crest Depository Interests (CDIs) [/FONT]
·[FONT=&quot] REITs [/FONT]
·[FONT=&quot] Turbos [/FONT]
·[FONT=&quot] PIBS (Permanent Interest Bearing Shares) [/FONT]
·[FONT=&quot] Investment Trusts [/FONT]
·[FONT=&quot] Government Stock (Gilts) [/FONT]
·[FONT=&quot] Fixed Interest Stock, Corporate Bonds, Debentures [/FONT]
·[FONT=&quot] Exchange Traded Funds (ETFs) [/FONT]
·[FONT=&quot] Exchange Traded Commodities [/FONT]
·[FONT=&quot] Unit Trusts [/FONT]
·[FONT=&quot] OEICs [/FONT]
·[FONT=&quot] Cash in nine currencies[/FONT]
more than 800 Funds available with 0% Initial Sales Charge


3. HL Vantage
http://www.hl.co.uk/pensions/sipp/ch...interest-rates

Set up Free
Annual No charge on more than 2400 funds, some funds attract platform fee of £1-2 per month
0.5% capped at £200 on shares, ETFS, bonds.

4. Sippdeal extra
http://www.sippdealxtra.co.uk/charges.asp

Set up Free
Admin charge Quarterly +VAT
Nil to £25,000 £25
£25,000 to £50,000 £35
£50,000 and above £45

Shares UK and international (doesn’t specify Aim or not)
Unit trusts and OEICs
ETFs
ETCs
Gilts and Bonds
Warrants and covered warrants
Securitised derivatives


5. SippCentre
http://www.sippcentre.co.uk/ChargesandRates/

Set up £120+VAT
Admin Charge Quarterly
Less than £25,000 £25 + VAT
£25,000 to £50,000 £35 + VAT
£50,000 and above £45 + VAT

Shares
Unit trusts and Oeics
Gilts
Bonds
Pibs
Warrants/Covered Warrants
ETFs
ETCs

6. SippDeal
http://www.sippdeal.co.uk/Sipp/Charges/
Set up Free
Admin Free

Crest settled recognised stock exchange shares
Over 2,000 unit trusts and OEICs.
over 1,900 of the units trusts and OEICs available through a Sippdeal SIPP have 0% initial fees
Gilts
Bonds
Pibs
Warrants
ETFs
ETCs

Negatives: No drips/scrips.(Do 4&5 allow it?)


7. James Hay iSIPP
https://www.jameshay.co.uk/DocumentV...ocumentID=2566

Set up Free
Admin Charge £180

Equities (no AIM), oeics, etfs etc
Collective Investments through the James Hay Investment Centre

8. Killik & Co
http://www.killik.com/killik-com/_im...form_final.pdf
page 7 - took me ages to find the charges
Set up Free
Annual £25

Not sure on dealing costs
Gilts
Bonds
Unit and investment trusts/oeics
Equities

9. Alliance Trust select sipp
http://www.alliancetrustsavings.co.u...w_accounts.pdf



Set up Free
Annual £135+VAT, 1st Feb


[FONT=&quot]Apply by 15 February 2012. Get £100 John Lewis vouchers**[/FONT]

• [FONT=&quot]1400+ funds[/FONT]
• [FONT=&quot]UK investment trusts[/FONT]
• [FONT=&quot]UK equities, including AIM securities and international equities[/FONT]
• [FONT=&quot]Exchange Traded Funds (ETFs)[/FONT]
• [FONT=&quot]UK government gilts and fixed interest securities[/FONT]
• [FONT=&quot]Convertibles, debentures and loan stocks[/FONT]
• [FONT=&quot]Cash on deposit[/FONT]
• [FONT=&quot]Preference stocks[/FONT]

SippTechie

Answering the question about the TD SIPP, A J Bell also administers the Sippdeal, Sippdealxtra and Sippcentre SIPPs and a number of other SIPPs not listed.

All this typically means is that A J Bell deals with all the pension matters (processing contributions and transfers, and paying out your pension to you etc etc) but someone else acts as the stockbroker.

Sippdeal and Sippcentre are the SIPPs which offer direct access to A J Bell's in-house stockbroker.

Also worth mentioning that the Sippcentre SIPP differs from the others listed in only being accessible through a financial adviser.

dunstonh

Some of those SIPP providers are more fund supermarket pensions than full SIPPs (they offer full sipp functionality like many personal pensions as well but their target market is commission paying funds which is used to give the impression of lower charges - this model is soon to be banned).

You havent stated what sort of assets you want to hold in the SIPP. So, giving opinion on which SIPPs (from that list) would be better for your objectives is not possible.

It is effectively like asking us to comment on which vehicle is best for you without knowing if your intention is to do the school run, deliver your goods to a shop or do to a North sea oil rig.

Theyarv1

dunstonh wrote: »

You havent stated what sort of assets you want to hold in the SIPP. So, giving opinion on which SIPPs (from that list) would be better for your objectives is not possible.

~I had originally intended for it to be a discussion point for interested people to talk about from which I might get an idea which one is best for me.

I am looking for something to buy shares (Aim + foreign) as well as funds and bonds, preferably with Scrips available.

purch

Your first stop should be to choose the best Broker for your needs.

Having a good administrator and a poor broker will not help you.

psychic_teabag

See also https://forums.moneysavingexpert.com/discussion/3153942 - ISA rather than SIPP but some of the same providers show up - and http://www.candidmoney.com/actionplans/actionplan13.aspx

Theyarv1

TTT

Would like some more thoughts and advice please as i decide this week

thenudeone

My suggestion: put it somewhere that has the cheapest closure fees, the transfer it to HL to get between £25 and £500 cashback (if it's over £5k). If you don't want to stay with HL, transfer it out again, which will cost £75, and you could still be up on the deal, if it's a sizeable sum you are investing

https://forums.moneysavingexpert.com/discussion/3827159