The Cavendish Online FundSupermarket Pension

pathsofdarkness

dunstonh wrote: »

However, and I do not mean to sound rude by this, but if you cannot work it out for yourself then that sort of pension product is highly unlikely to be suitable for you.

No offence taken

zagfles

pathsofdarkness wrote: »

Is there any indication of when they will launch so that people can apply?

Are there any articles on MSE or elsewhere which say if this is a good option?

Have a look at http://www.comparefundplatforms.com they now seem to include Cavendish.

Also Snowman's spreadsheet, not sure if he includes Cavendish but you can see what the competition charges:
http://forums.moneysavingexpert.com/...9&postcount=15

SnowMan

zagfles wrote: »

Have a look at http://www.comparefundplatforms.com they now seem to include Cavendish.

Also Snowman's spreadsheet, not sure if he includes Cavendish but you can see what the competition charges:
http://forums.moneysavingexpert.com/...9&postcount=15

The new 0.3%pa Cavendish SIPP (that will be available shortly) is now included in the latest version (v17) of the spreadsheet available via that link.

I don't think that comparefundplatforms include the new Cavendish SIPP yet, unless I am missing something. They do allow for the Cavendish ISA and dealing accounts.

jem16

bigadaj wrote: »

This could be analogous to the travel agent scenario. Used to be a good business but once the internet comes along people are happy to go direct online if the price is right, and the only agents that survive are those that are specialist or top end to justify the extra expense, maybe the same future for IFAs?

I don't think it's quite the same. There will always be a market for advice as some people will want or need a professional handling it just like any other thing.

However, with RDR and the loss of cross subsidy, that advice may be out of the reach of the smaller investor.

bigadaj

jem16 wrote: »

I don't think it's quite the same. There will always be a market for advice as some people will want or need a professional handling it just like any other thing.

However, with RDR and the loss of cross subsidy, that advice may be out of the reach of the smaller investor.

So pretty similar really?

Some people want their hand holding and things being done for them by a travel agent, and those at the bottom end of the market won't be able to afford bespoke advice so will go for the packaged option, in either case.

I prefer DIY in both cases, though there are scenarios when I'd look for professional advice if that made sense and added value.

MiserlyMartin

greenglide wrote: »

The funds are the ones on fundsnetwork which is the 2000+ range that Fidelity provide.

Fidelity do this for their platform charge of .35%.

It makes no real difference who the SIPP provider is (I assume you are talking about a SIPP) if the same funds are the same.

Hi thanks for the responses, no I was talking about a personal pension. I was after comparing the difference between Cavendish's current offerings - example scottish life, with a fund value of £30,000 to £60,100 the AMC is 0.5%

This new thing that hasn't launched yet has a total charge of 0.3% including fees to fundsnetwork and cavendish.... but your typical tracker funds are 0.1%: =0.4%
But on other funds the charge can be as much as 0.75% (+ your 0.3%)

I just wondered if the extra charges are worth it for a better fund performance this way. And also compared to a personal pension cheap balanced managed fund that MSE recommend?

I did have a look at the funds network, there are so many funds to look at very time consuming. Time is severely lacking right now...

Thrugelmir

mania112 wrote: »

they must have massive numbers to be able to do that for 0.05% pa.

(because there are no kickbacks any more, riiiight??!)

Profit is made from idle cash balances residing in trading accounts.

SnowMan

The Cavendish (0.3%pa) SIPP has now been launched

http://www.cavendishonline.co.uk/pensions/

SnowMan

The Fidelity platform is now offering access to Vanguard funds, and consequently Cavendish now has availability to Vanguard

https://www.fidelity.co.uk/investor/fund-supermarket/vanguard.page

Makes the Cavendish SIPP a good option for low value SIPPs, because of it's relatively low ongoing charge and lack of exit fees

zagfles

SnowMan wrote: »

The Fidelity platform is now offering access to Vanguard funds, and consequently Cavendish now has availability to Vanguard

https://www.fidelity.co.uk/investor/fund-supermarket/vanguard.page

Makes the Cavendish SIPP a good option for low value SIPPs, because of it's relatively low ongoing charge and lack of exit fees

I can't see anything about drawdown charges. Do they allow drawdown without advice? I guess if not you could just transfer to someone else when you want to drawdown.