iWeb v Halifax Platforms

jdw2000

Iweb, and Halifax, have a £60 opening fee for their SIPPs.

ColdIron

iWeb say 'There is no account opening charge on our SIPP' and I can't find an opening fee for Halifax. Both charge £60 to transfer in an existing pension scheme, perhaps you meant that

bigadaj

hoc wrote: »

There is no account opening charge on iweb's SIPP only S&S ISA and the account opening fee can not be avoided by transferring in.

Yes, does that contradict what I wrote?

jdw2000

Rollinghome wrote: »

When there are fixed fees it's inevitable, assuming normal inflation, that fees must increase at some point, no matter how far in the future that may happen.

That said, if they were to increase fees ahead of inflation there would be a heck of a commotion and shouts of unfairness, not least from those who have paid the £200 IWeb account opening fee. That's not something I'd expect any business, especially a bank, to want. (Like jj, I opened my IWeb accounts when the fee was £25.)

It goes without saying that there's no "best account" that works for everyone. It depends on so many factors. The best tool for comparing costs is probably still the excellent spreadsheet by Snowman: http://forums.moneysavingexpert.com/showpost.php?p=64540489&postcount=15 . You may need to make further adjustments for some additional costs or rebates that some platforms have and others don't.

You won't know exactly how well a platform suits you until you open an account and try it for a while. There's always the option of using more than one platform to get the best value or facilities of each.

Edit: Link there seems to be out of date, spreadsheed is here...

That's a a fantastic spreadsheet. Many thanks for that.

ColdIron

jdw2000 wrote: »

That's a a fantastic spreadsheet. Many thanks for that.

It's also 2 versions out of date, see this recent thread posted since Rollinghome's post