Aviva pension and drawdown

Durban

Does anyone have any thoughts on the Aviva Sipp.

My husband has an old Aviva Stakeholder pension that we would like to take the 25% lump sum from but no more than this.

I have had a look at various platforms but as this pension will now go into drawdown , some platforms charge quite a bit for this and one or two , even an annual charge when not making anymore withdrawals.

From my research , it appears that the Aviva Sipp charges 0.4% for the first £50,000 and 0.35% thereafter plus fund charges and no charges for drawdown.

Many thanks

Albermarle

It's not the cheapest but it has an 'all in' charging structure , which can be useful for Drawdown, similar to HL and Fidelity . It is slightly cheaper than the former and slightly more expensive than the latter .
The main drawback is that it only seems to offer funds and not the wider range of most SIPPS ( Investment trusts ; ETF's individual shares etc )

SonOf

Does anyone have any thoughts on the Aviva Sipp.

The Aviva SIPP can be very cheap on IFA pricing but default pricing is not great. I set one up this week at 0.18% platform charge.

From my research , it appears that the Aviva Sipp charges 0.4% for the first £50,000 and 0.35% thereafter plus fund charges and no charges for drawdown.

That is the non-IFA pricing. i.e. if you go direct.

its not worth using Aviva unless you are using an IFA. If you want to DIY then use a DIY provider.