Cheaper provider than Hargreaves Lansdown

JohnnyJet

Because of the Woodford debacle and HL's part in it, I am looking to move away from HL to another SIPP provider. I have been meaning to do this for a while due to their high costs but apathy has stopped me from doing this. Moving provider will at least allow me to recoup some of the losses incurred.

I would only probably only trade 4-6 times per year on a buy and hold basis. Trades would be up to £3,000 a time. I also have a share ISA which I may also move.

Can someone please guide me in the right direction about what provider I should consider. I already have a Halifax share account that I haven't used in ages, but don't think it's an ISA. Can that be changed?

ffacoffipawb

JohnnyJet wrote: »

Because of the Woodford debacle and HL's part in it, I am looking to move away from HL to another SIPP provider. I have been meaning to do this for a while due to their high costs but apathy has stopped me from doing this. Moving provider will at least allow me to recoup some of the losses incurred.

I would only probably only trade 4-6 times per year on a buy and hold basis. Trades would be up to £3,000 a time. I also have a share ISA which I may also move.

Can someone please guide me in the right direction about what provider I should consider. I already have a Halifax share account that I haven't used in ages, but don't think it's an ISA. Can that be changed?

A J Bell Youinvest are quite good.

snowqueen555

Pretty much every other mainstream competitor is cheaper. I'm guessing HL allows you to put shares in your SIPP which is a a bonus if you're into that.

Alice_Holt

https://monevator.com/compare-uk-cheapest-online-brokers/

Tom99

JohnnyJet wrote: »

Because of the Woodford debacle and HL's part in it, I am looking to move away from HL to another SIPP provider. I have been meaning to do this for a while due to their high costs but apathy has stopped me from doing this. Moving provider will at least allow me to recoup some of the losses incurred.

I would only probably only trade 4-6 times per year on a buy and hold basis. Trades would be up to £3,000 a time. I also have a share ISA which I may also move.

Can someone please guide me in the right direction about what provider I should consider. I already have a Halifax share account that I haven't used in ages, but don't think it's an ISA. Can that be changed?

If you already have a Halifax Sharedealing account it will be easy to open a ISA account.
You can buy shares and funds for a £2 dealing fee if you use the one off regular investment option.
ISA admin is a fixed £12.50pa.

ffacoffipawb

snowqueen555 wrote: »

Pretty much every other mainstream competitor is cheaper. I'm guessing HL allows you to put shares in your SIPP which is a a bonus if you're into that.

As does A J Bell.

I am a satisfied customer of both.

jaybeetoo

https://forums.moneysavingexpert.com/discussion/5583030/coolly-comparing-investment-platform-charges-snowmans-spreadsheet

AnotherJoe

JohnnyJet wrote: »

Because of the Woodford debacle and HL's part in it, I am looking to move away from HL to another SIPP provider. I have been meaning to do this for a while due to their high costs but apathy has stopped me from doing this. Moving provider will at least allow me to recoup some of the losses incurred.

I would only probably only trade 4-6 times per year on a buy and hold basis. Trades would be up to £3,000 a time. I also have a share ISA which I may also move.

Can someone please guide me in the right direction about what provider I should consider. I already have a Halifax share account that I haven't used in ages, but don't think it's an ISA. Can that be changed?

Not enough info.
Depends if you are looking to buy shares, funds, ITs, ETfs and so on.
Trading costs themselves really should be inconsequential unless you are pretty much daytrading

JohnnyJet

AnotherJoe wrote: »

Not enough info.
Depends if you are looking to buy shares, funds, ITs, ETfs and so on.
Trading costs themselves really should be inconsequential unless you are pretty much daytrading

Would be starting with just transferring VLS60, but may also purchase ETFs and ITs, though I don't have any at the moment.

whatsup7

I’m happy with the service at ii, one of the best value as well for me

IvanOpinion

Another vote for ii - although it depends on the total value. It worked out as one of the best for me and is easy to use and understand.