Anybody using X-O Liberty SIPP in drawdown?

Freecall

With only about 18 months to go before I start to draw an income from my SIPP, I thought I had it sorted.

Currently with HL (only for my SIPP) and with investments in low cost trackers, the fees were low and the drawdown costs looked attractive.

With the new ‘clean’ pricing the drawdown costs still do look good but the cost of holding my investments could become very expensive. Therefore I am looking around.

X-O seem to handle the custody and all the paperwork for a fixed fee of £95 + vat a year which seems pretty good but discussions on here rarely talk about pensions which are actually in the drawdown phase. They tend to concentrate on accumulation.

Does anybody have any experience of X-O in drawdown?

kidmugsy

[QUOTE=Freecall;64402807.

Does anybody have any experience of X-O in drawdown?[/QUOTE]

No: but our experience with HL in drawdown is good.

Freecall

Thanks for the input. HL drawdown pricing still looks attractive but the new custody charges seem high to me (for what I want to do anyway).

If you mix tracker funds with IT's and ETF's then HL looks as if it is going to really eat up returns.

kidmugsy

Freecall wrote: »

Thanks for the input. HL drawdown pricing still looks attractive but the new custody charges seem high to me (for what I want to do anyway).

If you mix tracker funds with IT's and ETF's then HL looks as if it is going to really eat up returns.

Aye, it's the mixing together that's costly. Maybe you might take the view that ITs are pricey at the moment, as judged by the shrinkage in their discounts, and seize the moment to bail out? We'll know more about their costs on 1/3/14.