Multiple SIPPs

Audaxer

pip895 wrote: »

I wouldn't go over 2 - As I understand it the £50k pertains primarily to individual investments houses rather than the platform although you also have 50k of protection to cover for instance any un-invested funds. There might be some point in not putting all 500k in Vanguard perhaps - not that I see them as a big risk .

The £50k FSCS limit applies to the platform as well. If there was a major fraud where your funds were lost and not ring-fenced then you could claim under the FSCS up to £50k.

ams25

Linton wrote: »

Having a portfolio spread over multiple platforms can get messy if you want to rebalance your holdings by selling one fund and buying another that happens to be currently held on another platform. You could end up with every platform holding the same funds.

+1
1 SIPP and 3 ISAs (self/wife) already gets messy. If I could practically and safely consolidate onto one platform I would.