Vanguard SIPP Announced

Thrugelmir

Fiendarina wrote: »

Definitely no extra fees for drawdown. The only fees on the Vanguard Sipp are the account fee, fund fees, transaction fees and charges for buying & selling ETFs if you don't want to wait for bulk trades.

No fees payable in the drawdown phase?

Radiantsoul

Deleted_User wrote: »

Their bulk dealing approach is a bit strange. Do they permit limit orders on bulk deals?

No, they don't.
It is not so different to funds.

[Deleted User]

Radiantsoul wrote: »

No, they don't.
It is not so different to funds.

Do they exchange at mid-point? No spread? Any number of shares?

Thanks.

Radiantsoul

Deleted_User wrote: »

Do they exchange at mid-point? No spread? Any number of shares?

Thanks.

I am not totally sure. I suspect that as they only sell their own EFTs they are able to fairly close match buys and sells on a daily basis. So they might not have to deal much in the market at all. So the actual spreads are likely to be tiny. Not sure what would happen with real turbulence though.

Fiendarina

Thrugelmir wrote: »

No fees payable in the drawdown phase?

No extra fees in drawdown phase. Just continues as 0.15% a year account fee, max £375, plus ordinary fund fees and transaction costs, whether you go for income drawdown or lump sums.

Do need to have a minimum of £50,000 to start drawdown though, although that's a total across everything invested in your name, so would include anything in a Vanguard ISA or General Investment account, not just the SIPP.

Notepad_Phil

Fiendarina wrote: »

Do need to have a minimum of £50,000 to start drawdown though, although that's a total across everything invested in your name, so would include anything in a Vanguard ISA or General Investment account, not just the SIPP.

I've looked through the page and can't see that being mentioned, is that £50k minimum detailed somewhere else?

Mistermeaner

does anyone know if they will offer this as a junior Sipp? I've started Sipps for all my kids with HL as they were the only ones I found offering this

SonOf

does anyone know if they will offer this as a junior Sipp?

There is no such thing as a Junior SIPP apart from a certain provider marketing their pension that way.

I've started Sipps for all my kids with HL as they were the only ones I found offering this

Pretty much all pension providers were available to you.

Mistermeaner

SonOf wrote: »

There is no such thing as a Junior SIPP apart from a certain provider marketing their pension that way.



Pretty much all pension providers were available to you.

OH! thanks

more fool me for fooling for the marketing

Amounts are very low at the moment (all sub 10K) so I won't stress about it for now but may review in due course

[Deleted User]

SonOf wrote: »

AFAIA, FNZ do not code a phone app. However, they do code for web portals.

As an aside, based on this, I looked at their stack and development tools (via the job specifics in their vacancies website). It looks to be all non cloud Microsoft, so app development would be possible but not native