Interactive Investor (Stocks and Shares ISA/SIPP etc.)

masonic

sairy.gamp said:

@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy

I'm not sure why HL have been mentioned, but running those numbers, on a £10k pot, total cost at HL would be £45 per year (with no promotions applied), whereas at ii it would be £60 in the first year, then £240 in the second year.

HL is widely acknowledged to be a premium priced provider. It would be better to compare with the likes of Halifax Sharedealing and sister brand iWeb, and AJ Bell/X-O if you can build a portfolio from ETFs, shares and investment trusts (even HL caps platform fees at £200 for the latter).

I hold a S&S ISA with ii and that works for me because I use the trading credit for rebalancing, but I wouldn't be even slightly tempted by their SIPP offering.

digannio

I was with Share Centre before it was gobbled up by II. It was marketed as a great, cost effective move for ISA customers like me but in my case, as someone who doesn't trade very much,  it was half as cost effective as it was under Share Centre as the monthly fee doubled. I'm now looking at iweb but they don't cover all the funds that I hold. 

sairy.gamp

masonic said:

IvanOpinion said:

Alexland said:

building on their existing reputation for sharp business practices.

Can't say I have heard any reference to this reputation before now??

Perhaps a reference to the stifling of competition within the market by aggressively buying up any small competitors?

Like in the case of Fidelity and Cavendish perhaps....

masonic

sairy.gamp said:

masonic said:

IvanOpinion said:

Alexland said:

building on their existing reputation for sharp business practices.

Can't say I have heard any reference to this reputation before now??

Perhaps a reference to the stifling of competition within the market by aggressively buying up any small competitors?

Like in the case of Fidelity and Cavendish perhaps....

I was thinking more along the lines of The Share Center, Alliance Trust, EQi, Trustnet Direct and TD Direct. All in the past 5 years or so. Fidelity's acquisition of just one company, which it continues to run as a different trading style, is hardly comparable.

sairy.gamp

masonic said:

sairy.gamp said:

@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy

I'm not sure why HL have been mentioned, but running those numbers, on a £10k pot, total cost at HL would be £45 per year (with no promotions applied), whereas at ii it would be £60 in the first year, then £240 in the second year.

HL is widely acknowledged to be a premium priced provider. It would be better to compare with the likes of Halifax Sharedealing and sister brand iWeb, and AJ Bell/X-O if you can build a portfolio from ETFs, shares and investment trusts (even HL caps platform fees at £200 for the latter).

I hold a S&S ISA with ii and that works for me because I use the trading credit for rebalancing, but I wouldn't be even slightly tempted by their SIPP offering.

I mentioned HL in response to your claiming that II was not worthwhile over the longer term in order to demonstrate that some providers are indeed dearer (much) in given scenarios (Chelsea are 0.5%). Your sweeping claim cannot be arbitarily made. It falls to any individual to decide which aspects of which platform (charges, fund selection, promotions etc.) are most favourable in their own individual case. The purpose of my original post was to advise those making this important decision and perhaps considering II, that a promotion was in place. It is for the individual to then decide whether there is indeed an overall benefit to them from this promotion. Not everyone is a frequent trader for example and so the valid negatives mentioned in this thread about free trades being lost might not matter a fig to some. As I said earlier, yer pays yer money, yer takes yer choice.

masonic

sairy.gamp said:

masonic said:

sairy.gamp said:

@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy

I'm not sure why HL have been mentioned, but running those numbers, on a £10k pot, total cost at HL would be £45 per year (with no promotions applied), whereas at ii it would be £60 in the first year, then £240 in the second year.

HL is widely acknowledged to be a premium priced provider. It would be better to compare with the likes of Halifax Sharedealing and sister brand iWeb, and AJ Bell/X-O if you can build a portfolio from ETFs, shares and investment trusts (even HL caps platform fees at £200 for the latter).

I hold a S&S ISA with ii and that works for me because I use the trading credit for rebalancing, but I wouldn't be even slightly tempted by their SIPP offering.

I mentioned HL in response to your claiming that II was not worthwhile over the longer term in order to demonstrate that some providers are indeed dearer (much) in given scenarios (Chelsea are 0.5%). Your sweeping claim cannot be arbitarily made. It falls to any individual to decide which aspects of which platform (charges, fund selection, promotions etc.) are most favourable in their own individual case. The purpose of my original post was to advise those making this important decision and perhaps considering II, that a promotion was in place. It is for the individual to then decide whether there is indeed an overall benefit to them from this promotion. Not everyone is a frequent trader for example and so the valid negatives mentioned in this thread about free trades being lost might not matter a fig to some. As I said earlier, yer pays yer money, yer takes yer choice.

All I did was took the figures you provided and demonstrated they did not support what you were implying.

I am not making any sweeping claims, just highlighting the negatives for balance. I'm sorry if you feel my posts are hindering your attempts to make referral money.

sairy.gamp

masonic said:

sairy.gamp said:

masonic said:

IvanOpinion said:

Alexland said:

building on their existing reputation for sharp business practices.

Can't say I have heard any reference to this reputation before now??

Perhaps a reference to the stifling of competition within the market by aggressively buying up any small competitors?

Like in the case of Fidelity and Cavendish perhaps....

I was thinking more along the lines of The Share Center, Alliance Trust, EQi, Trustnet Direct and TD Direct. All in the past 5 years or so. Fidelity's acquisition of just one company, which it continues to run as a different trading style, is hardly comparable.

Still, for any new customers,  the charges have still gone up from 0.25% to Fidelitys 0.35%...

masonic

sairy.gamp said:

masonic said:

sairy.gamp said:

masonic said:

IvanOpinion said:

Alexland said:

building on their existing reputation for sharp business practices.

Can't say I have heard any reference to this reputation before now??

Perhaps a reference to the stifling of competition within the market by aggressively buying up any small competitors?

Like in the case of Fidelity and Cavendish perhaps....

I was thinking more along the lines of The Share Center, Alliance Trust, EQi, Trustnet Direct and TD Direct. All in the past 5 years or so. Fidelity's acquisition of just one company, which it continues to run as a different trading style, is hardly comparable.

Still, for any new customers,  the charges have still gone up from 0.25% to Fidelitys 0.35%...

Yes, so imagine the impact of losing 5 such providers to a single entity.

sairy.gamp

masonic said:

sairy.gamp said:

masonic said:

sairy.gamp said:

@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy

I'm not sure why HL have been mentioned, but running those numbers, on a £10k pot, total cost at HL would be £45 per year (with no promotions applied), whereas at ii it would be £60 in the first year, then £240 in the second year.

HL is widely acknowledged to be a premium priced provider. It would be better to compare with the likes of Halifax Sharedealing and sister brand iWeb, and AJ Bell/X-O if you can build a portfolio from ETFs, shares and investment trusts (even HL caps platform fees at £200 for the latter).

I hold a S&S ISA with ii and that works for me because I use the trading credit for rebalancing, but I wouldn't be even slightly tempted by their SIPP offering.

I mentioned HL in response to your claiming that II was not worthwhile over the longer term in order to demonstrate that some providers are indeed dearer (much) in given scenarios (Chelsea are 0.5%). Your sweeping claim cannot be arbitarily made. It falls to any individual to decide which aspects of which platform (charges, fund selection, promotions etc.) are most favourable in their own individual case. The purpose of my original post was to advise those making this important decision and perhaps considering II, that a promotion was in place. It is for the individual to then decide whether there is indeed an overall benefit to them from this promotion. Not everyone is a frequent trader for example and so the valid negatives mentioned in this thread about free trades being lost might not matter a fig to some. As I said earlier, yer pays yer money, yer takes yer choice.

All I did was took the figures you provided and demonstrated they did not support what you were implying.

I am not making any sweeping claims, just highlighting the negatives for balance. I'm sorry if you feel my posts are hindering your attempts to make referral money.

masonic said:

sairy.gamp said:

masonic said:

sairy.gamp said:

@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy

I'm not sure why HL have been mentioned, but running those numbers, on a £10k pot, total cost at HL would be £45 per year (with no promotions applied), whereas at ii it would be £60 in the first year, then £240 in the second year.

HL is widely acknowledged to be a premium priced provider. It would be better to compare with the likes of Halifax Sharedealing and sister brand iWeb, and AJ Bell/X-O if you can build a portfolio from ETFs, shares and investment trusts (even HL caps platform fees at £200 for the latter).

I hold a S&S ISA with ii and that works for me because I use the trading credit for rebalancing, but I wouldn't be even slightly tempted by their SIPP offering.

I mentioned HL in response to your claiming that II was not worthwhile over the longer term in order to demonstrate that some providers are indeed dearer (much) in given scenarios (Chelsea are 0.5%). Your sweeping claim cannot be arbitarily made. It falls to any individual to decide which aspects of which platform (charges, fund selection, promotions etc.) are most favourable in their own individual case. The purpose of my original post was to advise those making this important decision and perhaps considering II, that a promotion was in place. It is for the individual to then decide whether there is indeed an overall benefit to them from this promotion. Not everyone is a frequent trader for example and so the valid negatives mentioned in this thread about free trades being lost might not matter a fig to some. As I said earlier, yer pays yer money, yer takes yer choice.

All I did was took the figures you provided and demonstrated they did not support what you were implying.

I am not making any sweeping claims, just highlighting the negatives for balance. I'm sorry if you feel my posts are hindering your attempts to make referral money.

I provided no figures. I provided information about a valid ongoing promotion. You it was who introduced the £10K figure (which is indeed the minimum amount to qualify for this promotion) and you then went on to give a very selective example using this figure only in order to disparage the promotion. Many other examples could be given using different values/pot sizes which would be favourable to other folk in their different circumstances. It is for the individual to decide for themselves suitability as i have said.
This, by-the-way, is a 'money saving forum' and so to cast aspertions upon me for seeking to do just that is rather petty. There is a whole section of this forum given over to such threads - i myself have benefited greatly as both a referer and referee. I would recommend all forum users to have a gander at the 'Referrals' section.

masonic

sairy.gamp said:

masonic said:

sairy.gamp said:

masonic said:

sairy.gamp said:

@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy

I'm not sure why HL have been mentioned, but running those numbers, on a £10k pot, total cost at HL would be £45 per year (with no promotions applied), whereas at ii it would be £60 in the first year, then £240 in the second year.

HL is widely acknowledged to be a premium priced provider. It would be better to compare with the likes of Halifax Sharedealing and sister brand iWeb, and AJ Bell/X-O if you can build a portfolio from ETFs, shares and investment trusts (even HL caps platform fees at £200 for the latter).

I hold a S&S ISA with ii and that works for me because I use the trading credit for rebalancing, but I wouldn't be even slightly tempted by their SIPP offering.

I mentioned HL in response to your claiming that II was not worthwhile over the longer term in order to demonstrate that some providers are indeed dearer (much) in given scenarios (Chelsea are 0.5%). Your sweeping claim cannot be arbitarily made. It falls to any individual to decide which aspects of which platform (charges, fund selection, promotions etc.) are most favourable in their own individual case. The purpose of my original post was to advise those making this important decision and perhaps considering II, that a promotion was in place. It is for the individual to then decide whether there is indeed an overall benefit to them from this promotion. Not everyone is a frequent trader for example and so the valid negatives mentioned in this thread about free trades being lost might not matter a fig to some. As I said earlier, yer pays yer money, yer takes yer choice.

All I did was took the figures you provided and demonstrated they did not support what you were implying.

I am not making any sweeping claims, just highlighting the negatives for balance. I'm sorry if you feel my posts are hindering your attempts to make referral money.

masonic said:

sairy.gamp said:

masonic said:

sairy.gamp said:

@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy

I'm not sure why HL have been mentioned, but running those numbers, on a £10k pot, total cost at HL would be £45 per year (with no promotions applied), whereas at ii it would be £60 in the first year, then £240 in the second year.

HL is widely acknowledged to be a premium priced provider. It would be better to compare with the likes of Halifax Sharedealing and sister brand iWeb, and AJ Bell/X-O if you can build a portfolio from ETFs, shares and investment trusts (even HL caps platform fees at £200 for the latter).

I hold a S&S ISA with ii and that works for me because I use the trading credit for rebalancing, but I wouldn't be even slightly tempted by their SIPP offering.

I mentioned HL in response to your claiming that II was not worthwhile over the longer term in order to demonstrate that some providers are indeed dearer (much) in given scenarios (Chelsea are 0.5%). Your sweeping claim cannot be arbitarily made. It falls to any individual to decide which aspects of which platform (charges, fund selection, promotions etc.) are most favourable in their own individual case. The purpose of my original post was to advise those making this important decision and perhaps considering II, that a promotion was in place. It is for the individual to then decide whether there is indeed an overall benefit to them from this promotion. Not everyone is a frequent trader for example and so the valid negatives mentioned in this thread about free trades being lost might not matter a fig to some. As I said earlier, yer pays yer money, yer takes yer choice.

All I did was took the figures you provided and demonstrated they did not support what you were implying.

I am not making any sweeping claims, just highlighting the negatives for balance. I'm sorry if you feel my posts are hindering your attempts to make referral money.

I provided no figures. I provided information about a valid ongoing promotion. You it was who introduced the £10K figure (which is indeed the minimum amount to qualify for this promotion) and you then went on to give a very selective example using this figure only in order to disparage the promotion. Many other examples could be given using different values/pot sizes which would be favourable to other folk in their different circumstances. It is for the individual to decide for themselves suitability as i have said.
This, by-the-way, is a 'money saving forum' and so to cast aspertions upon me for seeking to do just that is rather petty. There is a whole section of this forum given over to such threads - i myself have benefited greatly as both a referer and referee. I would recommend all forum users to have a gander at the 'Referrals' section.

"@masonic HL charge 0.45% PA unless your pot is quite large when this reduces on a tier basis. On 10K, II charge no basic charge under this offer for the first 12 months (+ no SIPP fee either for 6mths.).
The SIPP offer is not contingent on any referral as you say and is open for all to enjoy"
https://forums.moneysavingexpert.com/discussion/comment/78174334/#Comment_78174334

Is that not your post? You quoted the figures of 0.45% PA and 10K "at" me. I merely took them and calculated the resultant charges PA, comparing them to the equivalent cost at ii for a SIPP with or without the promotion.

One can utilise the referrals section without promoting your referrals on the main boards, getting into arguments with people pointing out valid criticisms, and replying to your own posts (in the refferers' thread) to bury the same criticisms as they might put people off.