Vanguard SIPP - Now open!!!

markinyo

mcooke999 said:

That's interesting.

Has anyone's pension transfer money appeared in Vanguard yet I wonder?

Yes - my transfer from Aviva has completed and the 'buy' of the fund I was going for ('Target Retirement 2040') has gone through.   Fortuitously,  my transfer completed just before the coronavirus dip (in cash) and then the fund was bought after the dip, so the value has already increased!

mcooke999

Lucky! Did you convert to cash yourself before the transfer of did Aviva do that for you?

Grogged

My Standard Life just gone through today.
Seem to have missed some of the dip in value as transfer dated 27 Feb.

[Deleted User]

markinyo said:

mcooke999 said:

That's interesting.

Has anyone's pension transfer money appeared in Vanguard yet I wonder?

Yes - my transfer from Aviva has completed and the 'buy' of the fund I was going for ('Target Retirement 2040') has gone through.   Fortuitously,  my transfer completed just before the coronavirus dip (in cash) and then the fund was bought after the dip, so the value has already increased!

I am in the middle of a transfer from Aviva (I have also gone for one of the Vanguard Target Retirement funds) and my Aviva pension is no longer showing up online so it looks like it is progressing.  How long did it take for this to come through to Vanguard?  Keeping fingers crossed that there is no market recovery before it all goes through.

PParka

mcooke999 said:

Has anyone's pension transfer money appeared in Vanguard yet I wonder?

Mine is in limbo. Money has left AJ Bell, but hasn’t appeared in Vanguard yet.
The good thing is I’ll end up with more for my money due to the Covid-19 dip. 

Pegleg2001

PParka said:

mcooke999 said:

Has anyone's pension transfer money appeared in Vanguard yet I wonder?

Mine is in limbo. Money has left AJ Bell, but hasn’t appeared in Vanguard yet.
The good thing is I’ll end up with more for my money due to the Covid-19 dip. 

I started my transfer from AJ Bell on the day the Vanguard SIPP was launched. The funds showed in my account on 3 March. So it took about 5 working days between my account in AJ Bell showing as zero and then showing up in Vanguard. They both use the Origo system so apparently transfers are relatively fast. Also, the AJ Bell account stays open to receive any incomes that are imminent and get automatically transferred in due course.

mcooke999

I'm still waiting for anything to happen with HL. Apparently they are one of the slowest ones, which doesn't surprise me given that the longer they take the more fees they get to keep for themselves! 

ratechaser

I assume that if you just deposit new funds, it doesn't take weeks for them to show up?

bowlhead99

ratechaser said:

I assume that if you just deposit new funds, it doesn't take weeks for them to show up?

If you are adding new money (which you can do by debit card) it takes one business day  for it to clear/  settle before you can spend it on investments.  If you are transferring money in from someone else's pension scheme (where the pension provider transferring has to liquidate your assets to get cash, deal with the transfer process and send the proceeds over to the new pension provider who has to allocate it to the right customer etc) it will obviously take longer.

Albermarle

If you are adding new money (which you can do by debit card) it takes one business day  for it to clear/  settle before you can spend it on investments. 

With my SIPP, if you add new money by debit card , it is immediately available for investment.