Investigating moving pensions (again) - Oh how I miss Snowman's spreadsheet!

dealyboy

Look no further ...
https://monevator.com/find-the-best-online-broker/

cloud_dog

Well, this hasn't been a happy start to our new life with II.  

I've fallen in to their identify verification checks!  Me, who has I don't know how many financial accounts around the place.  How dare they.  

Prism

cloud_dog said:

DavidT67 said:

cloud_dog said:

Am in the process of looking at moving pensions (for our early retirement pots) again, as I am looking to put the cash element in to one of the cash/near cash investments (CSH2 for example) currently enjoying the Vanguard cash interest rate for a few days longer.

My assumed/likely option was AJB, but they do not appear to be as 'cheap' as they used to be (revised charges June 2022).  The two pots would each fall within their middle charging range £100k to £200k, meaning a £220pa charge per account.  Not huge, but I like to save money , and AJB charge £60 for in specie transfers in

Fidelity are off the table as they don't offer a couple of the ETFs we might use.  Their charges would be capped at £90pa per account.  Have asked if they might add the ETFs to their list.

HL would be capped at £200pa per account, and would have the investments required.

Looked at iWeb, and this would be capped at £180pa per account.  Need to check availability of the ETFs.

Could leave them with Vanguard and switch some of the cash in to  Vanguard Sterling Short-Term Money Market fund, but I don't believe they provide auto-distribution / income reinvesting.  Have asked for clarification.

Looked at II, but they are relatively costly, coming in at just under £240pa per account, and the in built transaction benefit would be of limited value (I tend to invest lump sums once a year).  Although II have an offer on which would give £300 x 2 accounts and save 6 months of account charges for the first 6 months.

BestInvest looks expensive (I know there is an offer on at present (or at least there was)).

Any comments in case I have misunderstood any of the above charges?  OR, is there anyone I am missing (I appreciate there are a large number of providers out there)?

Are you sure AJ Bell charge for transfers in? Their SIPP charges page or document states 'No Charge' for transfers.

If HL with cap your account, as ETFs only, then wouldn't AJ Bell also cap it at £120 ?

£60 for in specie transfer in.

That was my starting premise, as I have used AJB and still have an open account with small amount in it.  But, I cannot see anywhere in the charges sheet (linked to) a £120 cap.  If my memory serves, it used to be capped at £120 and that was probably why I was simply going to go back there, but from the June 2022 charging sheet it appears that the quarterly caps are

• £45 (up to £100k)
• £55 (£100k to £200k)
• and £65 (above £200k).

EDIT:  According to comparefundplatforms.com AJB cap SIPPs not invested in OEICs at £25 per quarter (so £100pa), which I do not think is correct.

You are looking at the wrong charge sheet for AJ Bell. Investcentre is the advisor platform. You want this one 
AJBYI_SIPP_charges.pdf (ajbell.co.uk)

cloud_dog

@Prism thanks for that.  I feel a bit of a numpty TBH, how I missed that I cannot explain.