This'll make you wince!

fronty

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

westv

How much in your SIPP?

fronty

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]

1.3% is too high.

bostonerimus

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.

Triumph13

fronty wrote: »

I've been pontificating too long, it's time to ditch the IFA...

????
Prevaricating perhaps?

shinytop

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

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

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

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

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?