Move SIPP from Vanguard to II ?

cluckvolt

Alexland said:

It depends what assets you hold, if you hold an ETF rather than a traditional OEIC fund they cap the percentage fee but you need to be careful as adhocs trades are expensive.

Will take a look, but sounds a little complicated! ::smile: 

fistfulofsteel

artyboy said:

Albermarle said:

fcjf said:

I have recently transferred my SIPP from HL to ii and was pleasantly surprised at how efficient the process was. The in specie transfers took just under 3 weeks from start to finish and the one fund which couldn't be transferred in specie was transferred in cash a couple of days after the in specie transfers. £12.99 per month, no fees for 6 months and £300 cashback. Would recommend. 

Hopefully it works as well transferring into HL, as the very generous current cashbacks seem to be attracting a lot of interest ( up to £1500) 

I've done 3 partial pension transfers out of nutmeg recently - to II, Bestinvest, and HL.

HL have been the worst so far. In each case it should be a straightforward cash movement via Origo, but HL dithered and dithered, and when I chased them (after waiting 15 mins listening to Muzak), I was told that they 'have problems' with Nutmeg and Origo - they were going to try and do it manually until I told them to pull their bloody finger out. 

Lo and behold it looks like things are moving today. But annoying that it wasn't a week or two ago when the markets would have been better for an encashment... I wanted out of Nutmeg anyway, so there was always going to be out-of-the-market risk, but irritating nonetheless.

Anyway, just my 2c on relative transfer experiences.

Please can you tell me how you transferred from nutmeg to II? I'm extremely confused by the transfer form. Do I select cash or investments for the transfer type, and do I need to do anything on the nutmeg end to make it happen?

Albermarle

fistfulofsteel said:

artyboy said:

Albermarle said:

fcjf said:

I have recently transferred my SIPP from HL to ii and was pleasantly surprised at how efficient the process was. The in specie transfers took just under 3 weeks from start to finish and the one fund which couldn't be transferred in specie was transferred in cash a couple of days after the in specie transfers. £12.99 per month, no fees for 6 months and £300 cashback. Would recommend. 

Hopefully it works as well transferring into HL, as the very generous current cashbacks seem to be attracting a lot of interest ( up to £1500) 

I've done 3 partial pension transfers out of nutmeg recently - to II, Bestinvest, and HL.

HL have been the worst so far. In each case it should be a straightforward cash movement via Origo, but HL dithered and dithered, and when I chased them (after waiting 15 mins listening to Muzak), I was told that they 'have problems' with Nutmeg and Origo - they were going to try and do it manually until I told them to pull their bloody finger out. 

Lo and behold it looks like things are moving today. But annoying that it wasn't a week or two ago when the markets would have been better for an encashment... I wanted out of Nutmeg anyway, so there was always going to be out-of-the-market risk, but irritating nonetheless.

Anyway, just my 2c on relative transfer experiences.

Please can you tell me how you transferred from nutmeg to II? I'm extremely confused by the transfer form. Do I select cash or investments for the transfer type, and do I need to do anything on the nutmeg end to make it happen?

This has now been answered in the thread you started.

coyrls

snarffie said:

I was going to correct you by saying that ii charge £19.99 for the ISA and SIPP (I think you previously had to have an ISA/Trading acct to have a SIPP), but it looks like new users can opt to go SIPP only ('Pension Builder) for £12.99 per month. 

Either option - £20 for ISA/Trading/SIPP or £13 for SIPP only is decent.

Not just new users, if you only have a SIPP with II, you can change to the £12.99 pension builder charge, I did just that quite some time ago.