Cheapest SIPP / Tracker fund? 31 October 2014 at 8:48PM in Savings & investments 9 replies 1.3K views

GordonCopestake

Can someone let me know who is the cheapest SIPP provider for a simple FSTE All Share tracker pension? I currently have a Standard Life stakeholder pension but am getting robbed by 1%+ AMC charges. I'm looking for something cheaper to transfer to.

Ideally I would like a pension provider that I can manage online with minimal charges and access to tracker funders and maybe ETF's with very low charges.

kidmugsy

See the monevator blog.

edinburgher

AJ Bell Youinvest appear to be worth a look. Did some research re. SIPPs last week and they have reasonable charges. They also mention money back towards transfer costs, although I'm not sure if this would be applicable for you.

GordonCopestake

Thanks edinburgher,
Looking at the charges

Looks like:
£0 to setup
£25 / Quarter SIPP custody charge
£1.50 per month (regular investment)
0.2% Fund charge (max £50 / Quarter)

seems quite cheap...

colsten

http://www.telegraph.co.uk/finance/personalfinance/investing/sipps/10607824/DIY-pensions-The-cheapest-Sipp-fund-supermarkets.html

GordonCopestake

colsten, thats perfect, thanks

Should be a sticky!

dunstonh

Can someone let me know who is the cheapest SIPP provider for a simple FSTE All Share tracker pension? I currently have a Standard Life stakeholder pension but am getting robbed by 1%+ AMC charges. I'm looking for something cheaper to transfer to.

Standard Life are probably up there as one of the cheapest on that criteria with a PPP though rather than SIPP. Or Aviva.

GordonCopestake

I dont have access to an all share tracker through the standard life stakeholder pension I currently have, and the trackers that are available are all over 1% AMC

Best Invest seems the best of the bunch, moving to III after my pot goes over £59k

dunstonh

I dont have access to an all share tracker through the standard life stakeholder pension I currently have, and the trackers that are available are all over 1% AMC

That is because it is a stakeholder pension and obsolete. You can get trackers on PPPs at 0.35-0.4% total cost. (cheaper with large funds)

guymo

You could take a look at personal pensions through e.g. Cavendish. They offer Aviva personal pensions, and there are funds in the selection that carry no charge beyond the 0.4% annual charge for the pension itself. This includes tracker funds and others. You might like the look of this, you might not, but worth investigating.

http://www.cavendishonline.co.uk/pensions/stakeholder-and-personal-pensions/aviva1/