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This'll make you wince!

fronty
fronty Posts: 152 Forumite
Sixth Anniversary 100 Posts Name Dropper
in Pensions, annuities & retirement planning
Found a button in my SL Wrap SIPP labelled "Charges"... I've been pontificating too long, it's time to ditch the IFA...

:eek: :eek: :eek:
Charges
CCY	Date	Amount	AmountGBP	Narrative
GBP	05/11/2019	£-107.15	£-107.15	SIPP Platform Charge of £-107.15 at 05/11/2019
GBP	20/10/2019	£-249.45	£-249.45	Ongoing Adviser Charge
GBP	20/10/2019	£-57.58	£-57.58	Ongoing Adviser Charge
GBP	05/10/2019	£-108.48	£-108.48	SIPP Platform Charge of £-108.48 at 05/10/2019
GBP	20/09/2019	£-141.11	£-141.11	Ongoing Adviser Charge
GBP	20/09/2019	£-172.13	£-172.13	Ongoing Adviser Charge
GBP	05/09/2019	£-108.24	£-108.24	SIPP Platform Charge of £-108.24 at 05/09/2019
GBP	20/08/2019	£-134.99	£-134.99	Ongoing Adviser Charge
GBP	20/08/2019	£-176.56	£-176.56	Ongoing Adviser Charge
GBP	05/08/2019	£-110.73	£-110.73	SIPP Platform Charge of £-110.73 at 05/08/2019
GBP	20/07/2019	£-142.59	£-142.59	Ongoing Adviser Charge
GBP	20/07/2019	£-173.35	£-173.35	Ongoing Adviser Charge
GBP	05/07/2019	£-107.68	£-107.68	SIPP Platform Charge of £-107.68 at 05/07/2019
GBP	20/06/2019	£-150.45	£-150.45	Ongoing Adviser Charge
GBP	20/06/2019	£-159.27	£-159.27	Ongoing Adviser Charge
GBP	05/06/2019	£-104.69	£-104.69	SIPP Platform Charge of £-104.69 at 05/06/2019
GBP	20/05/2019	£-248.59	£-248.59	Ongoing Adviser Charge
GBP	20/05/2019	£-55.89	£-55.89	Ongoing Adviser Charge
GBP	05/05/2019	£-106.71	£-106.71	SIPP Platform Charge of £-106.71 at 05/05/2019
GBP	20/04/2019	£-149.27	£-149.27	Ongoing Adviser Charge
GBP	20/04/2019	£-155.98	£-155.98	Ongoing Adviser Charge
GBP	05/04/2019	£-103.45	£-103.45	SIPP Platform Charge of £-103.45 at 05/04/2019
GBP	20/03/2019	£-149.75	£-149.75	Ongoing Adviser Charge
GBP	20/03/2019	£-146.58	£-146.58	Ongoing Adviser Charge
GBP	05/03/2019	£-102.03	£-102.03	SIPP Platform Charge of £-102.03 at 05/03/2019
GBP	20/02/2019	£-152.25	£-152.25	Ongoing Adviser Charge
GBP	20/02/2019	£-142.37	£-142.37	Ongoing Adviser Charge
GBP	05/02/2019	£-100.90	£-100.90	SIPP Platform Charge of £-100.90 at 05/02/2019
GBP	20/01/2019	£-255.92	£-255.92	Ongoing Adviser Charge
GBP	20/01/2019	£-28.77	£-28.77	Ongoing Adviser Charge
GBP	05/01/2019	£-97.85	£-97.85	SIPP Platform Charge of £-97.85 at 05/01/2019
GBP	20/12/2018	£-140.97	£-140.97	Ongoing Adviser Charge
GBP	20/12/2018	£-141.02	£-141.02	Ongoing Adviser Charge
GBP	05/12/2018	£-102.00	£-102.00	SIPP Platform Charge of £-102.00 at 05/12/2018
GBP	20/11/2018	£-275.71	£-275.71	Ongoing Adviser Charge
GBP	20/11/2018	£-15.50	£-15.50	Ongoing Adviser Charge
Total	£-4,875.96	£-4,875.96
«134

Comments

  • westv
    westv Posts: 6,592 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    How much in your SIPP?
  • fronty
    fronty Posts: 152 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    Current valuation is £374K. It's grown by 7.5% since 7/11/18.

    Just checked https://www.comparefundplatforms.com, Interactive Investor seems to be one of the cheapest platforms, also it seems they are offering £500 cashback for a pot my size... seriously tempted.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Third Anniversary Name Dropper
    1.3% is too high.
  • bostonerimus
    bostonerimus Posts: 5,617 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I have no advisor or platform fees as I hold Vanguard funds on the US Vanguard platform. I'm up 13.6% since last November.
    “So we beat on, boats against the current, borne back ceaselessly into the past.”
  • Triumph13
    Triumph13 Posts: 2,079 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    fronty wrote: »
    I've been pontificating too long, it's time to ditch the IFA...
    ????
    Prevaricating perhaps?
  • shinytop
    shinytop Posts: 2,197 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    fronty wrote: »
    Current valuation is £374K. It's grown by 7.5% since 7/11/18.

    Just checked www.comparefundplatforms.com, Interactive Investor seems to be one of the cheapest platforms, also it seems they are offering £500 cashback for a pot my size... seriously tempted.
    I have a similar sized pot and went with II and their £500. Not quite as nice to deal with as HL but perfectly good. Think Asda vs Waitrose :)
  • fronty
    fronty Posts: 152 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    shinytop wrote: »
    I have a similar sized pot and went with II and their £500. Not quite as nice to deal with as HL but perfectly good. Think Asda vs Waitrose :)

    II SIPP all set up, just need to do the transfer now.

    Were you able to withdraw the £500 as cash or would they only let you use it for re-investment?

    TBH I'll probably just re-invest it anyway.
  • shinytop
    shinytop Posts: 2,197 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    fronty wrote: »
    II SIPP all set up, just need to do the transfer now.

    Were you able to withdraw the £500 as cash or would they only let you use it for re-investment?

    TBH I'll probably just re-invest it anyway.
    I haven't got it yet but I spoke to them on the phone and they said it would be added to my account as cash. I assume it won't be in my SIPP but as cash I can withdraw if I want but I didn't ask specifically.
  • fronty
    fronty Posts: 152 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    shinytop wrote: »
    I haven't got it yet but I spoke to them on the phone and they said it would be added to my account as cash. I assume it won't be in my SIPP but as cash I can withdraw if I want but I didn't ask specifically.

    Yes it's my understanding they credit your trading account, I guess you can withdraw it if you wanted to.
  • fronty
    fronty Posts: 152 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    shinytop wrote: »
    I have a similar sized pot and went with II and their £500. Not quite as nice to deal with as HL but perfectly good. Think Asda vs Waitrose :)

    Do you mind if I ask what funds you invested in?
This discussion has been closed.
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