Coolly Comparing Investment Platform charges - SnowMan's spreadsheet

edited 12 May 2020 at 7:29AM in Savings & investments
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  • edited 1 March 2017 at 12:29PM
    cloud_dogcloud_dog Forumite
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    edited 1 March 2017 at 12:29PM
    Hi Snowie.... Just looking at X-O.

    Am I correct in thinking this is X-O from Jarvis?

    If so, are you sure the annual platform charge is correct (I know you've got a comment against it)? From their website the charge is £99+VAT. You've got it listed as £144.

    It is also worth noting that X-O will refund the £99+VAT as long as you have a X-O Share Dealing account.

    EDIT: Brilliant sheet by the way :beer:

    EDIT: EDIT: I wasn't specific on the above... It relates to their SIPP
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  • Ray_Singh-BlueRay_Singh-Blue Forumite
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    What a useful sheet - thanks
  • patricia1066patricia1066 Forumite
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    Great resource, thanks. Just what I am looking for
  • patricia1066patricia1066 Forumite
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    Hi Snowman, I was looking at Fidelity for ETF within a SIPP. The spreadsheet shows a cap of £36 pa, but in a SIPP the cap is £45 pa. The Junior SIPP and ISA cap is £25 pa.

    Thanks for your amazing work on this.
  • edited 12 March 2017 at 4:05PM
    SnowManSnowMan Forumite
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    edited 12 March 2017 at 4:05PM
    cloud_dog wrote: »
    Hi Snowie.... Just looking at X-O.

    Am I correct in thinking this is X-O from Jarvis?

    If so, are you sure the annual platform charge is correct (I know you've got a comment against it)? From their website the charge is £99+VAT. You've got it listed as £144.

    It is also worth noting that X-O will refund the £99+VAT as long as you have a X-O Share Dealing account.

    EDIT: Brilliant sheet by the way :beer:

    EDIT: EDIT: I wasn't specific on the above... It relates to their SIPP
    Thanks.

    Their original SIPP charge was £95 + VAT (£114pa).

    They increased this to £144pa (£120 + VAT) in April 2015 (and added charges for flexible access options also although these aren't covered in the spreadsheet) see this thread

    http://forums.moneysavingexpert.com/showthread.php?t=5192079&highlight=jarvis+sipp

    That is the fee schedule my spreadsheet works on.

    However their latest fee schedule is at the link below, and it says that it applies from April 2016, so I'm guessing that is when they changed fees to the level you quote

    http://www.x-o.co.uk/wp-content/uploads/JARV3168%20X-O%20SIPP%20Fee%20Schedule%20AW.pdf

    Does anyone know what the following means in relation to waiving the annual fee?
    Jarvis will refund these fees until such time as the
    X-O share dealing account linked to your SIPP is closed
    Is having the x-o dealing account part of having the SIPP, or is this a requirement to have a separate dealing account to invest in outside of a SIPP.

    There is also a £60 transfer in charge which gain they say they will waive.

    This all looks very odd (and too good to be true) can anyone say what is going on here?
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  • edited 12 March 2017 at 3:37PM
    SnowManSnowMan Forumite
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    edited 12 March 2017 at 3:37PM
    Hi Snowman, I was looking at Fidelity for ETF within a SIPP. The spreadsheet shows a cap of £36 pa, but in a SIPP the cap is £45 pa. The Junior SIPP and ISA cap is £25 pa.

    Thanks for your amazing work on this.
    Thanks :beer:

    It looks to me like they've tweeked their ETF charges and as you say the SIPP ETF cap charge is £45. The following seems to be their clearest documentation of the charge

    https://www.fidelity.co.uk/investor/funds/fund-charge.page

    I've updated the spreadsheet (and have updated for the recent Cavendish reduction in SIPP charges) and will upload this once I've understood the x-o changes and can incorporate those also.
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  • cloud_dogcloud_dog Forumite
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    SnowMan wrote: »
    Does anyone know what the following means in relation to waiving the annual fee? Is having the x-o dealing account part of having the SIPP, or is this a requirement to have a separate dealing account to invest in outside of a SIPP.
    From my reading (I am interested in opening a SIPP), a dealing account is not mandatory but, they will refund the AMC after taking it, if you have an X-O dealing account.

    The annoying thing, reading your comments, is that they seem to change their T&Cs quite frequently.
    Personal Responsibility - Sad but True :D

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  • Awesome stuff - keep up the good work.
  • patricia1066patricia1066 Forumite
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    Hi Snowman, i have set up my Fidelity SIPP many thanks for the assistance of your spreadsheet. I am looking at Standard Life now for DH.
    Option 3 Off Platform fixed fee looks good. Any way you could get this added to the spreadsheet?
  • raceyracey Forumite
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    Brilliant spreadsheet tool. :cool:
    If I'm reading it correctly, someone with £150k in ISA and £50k dealing ( all in funds) with Charles Stanley would save over £400 a year by transferring to iWeb ( assuming about 10 trades a year).
    Are there any snags in doing this? Are the same funds available in iWeb?
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