Should I switch my sas isa from fidelity?

Albermarle

DireEmblem said:

I am in the same boat.  I did not think Fidelity had a minimum fee.  If you just hold ETF's, then switch to a free trade platform.

I think for £45 a year I would prefer to stick with a 70 year old company with assets under management of 3.3 Trillion  Dollars , than an app based start up charging zero fees , which may or may not survive

Disjoint

AlanP_2 said:

Disjoint said:

Markp1984 said:

That's right Alexland, I have conflicting information about the fees I'll recieve as part of the merger, so I'm going to call up fidelity this week and clarify that, if they are genuinely the same as the Cavendish ones then I'll stick with them. 
I have a bond with vanguard actually, I'll check them out too. Thanks for the excellent information.

What did you find out? Before posting a new post in the forum I was wondering exactly this.
I have £60k with Cavendish (all my wife's retirement savings, she has no pension) - Cavendish used to be the go to choice, but now I am conflicted.

Is there a reason for "she has no pension"?

Even if she is not earning she can contribute £2880 a year into a pension and HMRC will top it up to £3600, and if she will just have the SP in retirement she can use this pot to "fill" her personal tax allowance.

Very poor tax planning on my part and her part! I was vaguely aware of being able to put money into a pension, but didn't realise that it was an almost £1k gift from HMRC we passed on... After our first child 4 years ago she stopped working, and I never really looked into it, and before this she never had a pension with her previous employers as it wasn't mandatory at the time. We moved abroad a couple months ago, but might look into contributing at least for one year given she will be a UK tax payer for 2020/21.
Also for everyone in this thread, tiny bit of contribution from my part given I just did a bit of work in terms of changing providers - I just opened an account with iWeb for my wife (in the process of getting KYCed), if you intend on using this provider they intend on increasing their opening fees to £100 in the new year, so best to open it up on this side of the year when it will cost "only" £25. I saw people complaining about the universe of funds iWeb has, which seems to be the biggest grip everyone has with their platform, for us every funds we hold with Cavendish are also on the iWeb platform so not too concerned. Finally if you intend on holding non-GBP shares, their FX fee is 1.5% so clearly not great - we have a £20k pot of foreign shares that we hold in an IG trading ISA, only ISA provider that doesn't rip you off on the FX I believe. That said - performance has been flat to down on IG and up on Cavendish where we don't do any real trading and just hold funds... Might consider giving stock picking a miss and consolidate everything with iWeb (no grip with IG trading, they've been great - but their managing fees are expensive if you don't trade actively).