Wifes pension

TBC15

And a better alternative would have been?

jem16

TBC15 wrote: »

And a better alternative would have been?

Better depends on your objectives. However you asked for cheaper and the link I gave you for Cavendish started at 0.55% for a stakeholder and 0.7% for a PP.

What was your choice based on?

TBC15

My choice was based on the ease of availability ofinformation and the Moneysaving experts recommendation in their guide to SIPPs.

At the HL site you are greeted with the information theyhave been awarded best PEPP provider for x No of years. Within a few key strokes you have a list of all the charges including the fee for cashing in a Triviality pension, something mentioned but no figure given on the Fidelity site anywhere.

I clicked on the Cavendish link . But unfortunately on my first visit didn’t progress past the page that lists what’s available. As soonas I saw what appeared to be a list of pension and insurance providers my mind flashed back to someone in a suite driving a BMW trying to sign me up to some scheme that would be more beneficial to him in the next 5 mins than to me inthe next 2yrs.

Not very scientific, but a reasonable description of thethought process at the time.

bigadaj

TBC15 wrote: »

My choice was based on the ease of availability ofinformation and the Moneysaving experts recommendation in their guide to SIPPs.

At the HL site you are greeted with the information theyhave been awarded best PEPP provider for x No of years. Within a few key strokes you have a list of all the charges including the fee for cashing in a Triviality pension, something mentioned but no figure given on the Fidelity site anywhere.

I clicked on the Cavendish link . But unfortunately on my first visit didn’t progress past the page that lists what’s available. As soonas I saw what appeared to be a list of pension and insurance providers my mind flashed back to someone in a suite driving a BMW trying to sign me up to some scheme that would be more beneficial to him in the next 5 mins than to me inthe next 2yrs.

Not very scientific, but a reasonable description of thethought process at the time.

In actual fact hl are far more red braces and Porsches than cavendish, cavendish are relatively speaking the good guys, though hl presentation, website and interface are quite slick and easy to follow.

For the sums you've described it's not going to make a huge difference, and for the sake of a few quid a year it's probably worth choosing the option you're most comfortable with.

atush

As soonas I saw what appeared to be a list of pension and insurance providers my mind flashed back to someone in a suite driving a BMW trying to sign me up to some scheme that would be more beneficial to him in the next 5 mins than to me inthe next 2yrs.

And what do you think the high flyers at HL drive (with your extra money)?

As for a SIPP, they tend to be more expensive than PPs as they allow more risky investments such as single shares and commercial property. these are more expensive to do than just investing in funds.

Will you be using those expensive bells and whistles you signed up for?

TBC15

atush wrote: »

And what do you think the high flyers at HL drive (with your extra money)?

As for a SIPP, they tend to be more expensive than PPs as they allow more risky investments such as single shares and commercial property. these are more expensive to do than just investing in funds.

Will you be using those expensive bells and whistles you signed up for?

I hope they drive a top of the line Range Rover in black with security glass and a personalised number plate. Because, that is what they deserve.

They have presented a clear and reasonably concise web site the average punter can interface with, all the relevant cost/funds information at hand.

If I was looking for a pucker SIPP for myself I would probably do a bit more spade work. However the gist of the enquiry was to exploit a make money quick loophole that was currently available in the rules.

atush

OK, but my question remains. does your wife want to buy single shares and commercial property?

For you a sipp might make sense.

TBC15

No she would only be interested in buying Unit trusts and OEICs.

margaretclare

I hope they drive a top of the line Range Rover in black with security glass and a personalised number plate. Because, that is what they deserve.

They have presented a clear and reasonably concise web site the average punter can interface with, all the relevant cost/funds information at hand.

Yes, I find the same, and I don't care what colour braces they wear or what kind of car.

Look at HL's 'Wealth 150' list just to narrow it down a bit out of all the unit trusts and OEICs that exist out there. Read what is written about each one, the individual managers, their track records etc.

kidmugsy

TBC15 wrote: »

I hope they drive a top of the line Range Rover….

They have presented a clear and reasonably concise web site the average punter can interface with, all the relevant cost/funds information at hand.

If you think well of their work, it seems a bit cruel to consign them to a cramped Range Rover. How about something more spacious?