starting again, what platform to use to keep 20 year cost down

TBC15

I’d get your finger out on the transfer if you want to get the transfer bonus. 5-10 days is now well over 5 weeks for a cash SIPP transfer from AJ Bell.

Top tip when trying to register on the Fidelity web site when they ask for fore name they really mean fore names.

wolves1976

TBC15 said:

I’d get your finger out on the transfer if you want to get the transfer bonus. 5-10 days is now well over 5 weeks for a cash SIPP transfer from AJ Bell.

Top tip when trying to register on the Fidelity web site when they ask for fore name they really mean fore names.

thanks, signed up and posted form out today. you are correct timeline is going to be stretched.  i did move a pension from legal & General 2 weeks ago and it went in 5 working days, hopefully this makes it in time for cashback. 

Alexland

wolves1976 said:

i take if that you have one of these ETF's and someone else in household holds the second

Yes 2 accounts. I was tempted to move more across under their latest transfer offer but Fidelity already have enough of our money so we are now focusing on building up investments with the other providers.
Fidelity's cashback offer is usually based on when they receive the request rather than however long it then takes to complete.

Albermarle

wolves1976 said:

TBC15 said:

I’d get your finger out on the transfer if you want to get the transfer bonus. 5-10 days is now well over 5 weeks for a cash SIPP transfer from AJ Bell.

Top tip when trying to register on the Fidelity web site when they ask for fore name they really mean fore names.

thanks, signed up and posted form out today. you are correct timeline is going to be stretched.  i did move a pension from legal & General 2 weeks ago and it went in 5 working days, hopefully this makes it in time for cashback. 

As pension transfers can take a varied amount of time , from a couple of days to a few months , then the cashback will still pay as long as you initiate the transfer in time. Although it will not actually pay out until end of January I think , or later if you have a very long transfer . usually it is in specie ones that take the time. 

csgohan4

Alexland said:

On Fidelity we use Vanguard VEVE at 0.12% and HSBC HMWO at 0.15% which are both developed World trackers paying quarterly dividends. They are both fairly large and liquid with reasonable market spread cost. Fidelity's ETF selection is a bit more limited than AJ Bell where we can hold Lyxor LCWL at 0.12% with the advantage that it accumulates so no reinvestment trade costs. iShares's popular accumulation SWDA is available on Fidelity but at 0.20% then it's cheaper for us to pay Fidelity £1.50 each quarter to reinvest dividends. All of these only provide developed world equity exposure so you might want to mix in an emerging market ETF or pay Vanguard the expensive 0.22% for VWRL which provides All-World coverage. It's a shame that in the ETF market there just isn't anything as broad and cheap as the HSBC FTSE All-World accumulation fund at 0.13% we hold on iWeb.

If you are only going for a small proportion of bonds to provide the inverse correlation to equities for volatility control (rather than return) then consider the Vanguard VGOV gilts at 0.07%. As I said earlier we hold our bonds in our workplace pensions and sometimes when the stock market has crashed then I tend to start converting them into equities but that's because I can be greedy and reckless but so far it's always worked out well. Still normal caveat to DYOR rather than rely on what I say. There's a lot to be said for keeping it simple, sticking to an asset allocation plan and minimising the number of trades.

The accumalative version 

Vanguard FTSE Developed World UCITS ETF USD Accumulation (GBP) VHVG

If you see the geographical allocations, very similar to HMWO and the stocks are also very similar, infact both are neck in neck for YTD this year. 

I would definitely consider this particular one if your not keen on holding funds or want an alternative to HMWO

Alexland

Yes VHVG is the accumulation version of VEVE but it's not available on Fidelity and even if it was then it's not going to be worth the market spread and trade costs of switching when reinvestment only costs £1.50 every 3 months. The only reason we hold HMWO is because it wouldn't be comfortable having both Fidelity accounts invested in the same ETF. We have HSBC exposure in our ISAs via their All World fund too but then that's FSCS protected up to £85k each so less of an issue. However going forward the plan is to grow our investments with Blackrock, L&G, Lyxor, etc in non-Fidelity accounts to spread the risk even if it costs a bit more our total cost of investing should remain under 0.20% pa.

csgohan4

Alexland said:

Yes VHVG is the accumulation version of VEVE but it's not available on Fidelity and even if it was then it's not going to be worth the market spread and trade costs of switching when reinvestment only costs £1.50 every 3 months. The only reason we hold HMWO is because it wouldn't be comfortable having both Fidelity accounts invested in the same ETF. We have HSBC exposure in our ISAs via their All World fund too but then that's FSCS protected up to £85k each so less of an issue. However going forward the plan is to grow our investments with Blackrock, L&G, Lyxor, etc in non-Fidelity accounts to spread the risk even if it costs a bit more our total cost of investing should remain under 0.20% pa.

Sounds reasonable to spread over several other All world providers. Personal preference. I'm going to add in some IT global equities in due course as they also have good sector/ overall coverage but of course not as cheap as the cheap index trackers

Alexland

Also related to this question a few weeks ago I was chatting with The Accumulator about how to reduce S&S ISA platform fees by using both percentage and fixed price platforms together and Monevator just published his article calling it "the Alex Manoeuver" with a worked example of someone making regular contributions into Vanguard Investor each month then doing an annual in-specie transfer to iWeb such that a large S&S ISA making monthly contributions to use their full annual allowance can be paying just £25 setup then ongoing charges of £16 pa. Problem is if too many people use it then iWeb might have to change their fee structure...

https://monevator.com/cheapest-stocks-and-shares-isa-hack/

wolves1976

i like the ahem, hack.   just one thing "You need to transfer your investments in specie (so they’re not sold to cash) to avoid paying dealing fees to iWeb at the other end."
is there a special method to ensure above is carried out, or does iweb do it that way from during the transfer

wolves1976

@Alexland - hi again, i have just created my IWEB account and want to transfer the uninvested cash in my Vangaurd account.
the funding in total into my Vanguard account were transfers of old ISA's - nothing from this year.
would you know if Iweb will transfer the cash part of the Vanguard ISA or all of it.