Which sipp platform?

SouthCoastBoy

I'm planning to transfer my company pension from wtw to either fidelity, ii, aj bell or h&l. Currently I think ii is favourite due to costs, fund value is currently around £425k. 

I also have a sipp with h&l but find them expensive so most probably 4th on list for transfer.

Would be interested to hear people's experiences on the platforms and also if they have transferred from wtw.

dunstonh

Some of the ones you mention have pricing that favours certain assets, as do others not listed.  What assets do you intend to hold in your SIPP? - it will help others narrow things down for you.

gm0

My experiences with Fidelity as a place to transfer into and trade and hold ETFs have been positive.  Low cost cap (for ETF). 
No problems.  People I talked to at time of account setup and transfer were helpful. 

Nothing that oppressive by way of sales activity.

It has the biggest range of the things I use.  Adequate to my needs.

Linton

I use ii, AJBell, and BestInvest for funds, ITs and EFs..  tbh they are all pretty much the same especially if one doesn't use their website facilities.  Never had any problems with any other them.

SouthCoastBoy

dunstonh said:

Some of the ones you mention have pricing that favours certain assets, as do others not listed.  What assets do you intend to hold in your SIPP? - it will help others narrow things down for you.

Most probably oeics but may have some etfs as well

tacpot12

I used AJ Bell and have found them to be good. Their customer service is quite responsive. 

Scrudgy

I have just initiated a transfer from my employer scheme managed by WTW to ii. 

I am using a pension transfer service to manage the work for me as I had already engaged them for retirement planning and investing advice, and the transfer work was included in the one off fee. I was told to expect minimum 6 weeks, but probably 8-10 for the transfer to be completed. I don’t think he thought WTW were particularly speedy at responding to transfer out requests.

SouthCoastBoy

Scrudgy said:

I have just initiated a transfer from my employer scheme managed by WTW to ii. 

I am using a pension transfer service to manage the work for me as I had already engaged them for retirement planning and investing advice, and the transfer work was included in the one off fee. I was told to expect minimum 6 weeks, but probably 8-10 for the transfer to be completed. I don’t think he thought WTW were particularly speedy at responding to transfer out requests.

Thats interesting, disappointing but not surprising. 10 weeks out of the market is a long time

Albermarle

SouthCoastBoy said:

dunstonh said:

Some of the ones you mention have pricing that favours certain assets, as do others not listed.  What assets do you intend to hold in your SIPP? - it will help others narrow things down for you.

Most probably oeics but may have some etfs as well

I have small amounts with HL and AJ Bell, but have had virtually no interaction with them, so can not comment too much, but no particular negatives. The info published by A J Bell ( Shares magazine) is a lot better/more useful than the more sales approach from HL e mails.
Main SIPP/ISA are with Fidelity and I can echo @gmo comments.  Over £250K on the platform , the platform fee drops to 0.2% for all ISA/SIPP funds, including the first £250K, and you get access to a wealth manager. The cap of £90 on ETFs/ITs applies across SIPP & ISA.
With a mix of funds/ETFs and IT's, I pay just less than 0.1%.
Plus my OH, has the 0.2% applied to their ISA as well.
The info on markets etc is quite good but nearly always leads to a recommendation of a Fidelity fund.
I have never used the Wealth Manager, which is free but not personalised advice/guidance.
Website is improved from the past and is now pretty fast and stable.

Scrudgy

SouthCoastBoy said:

Thats interesting, disappointing but not surprising. 10 weeks out of the market is a long time

While the transfer specialist is working on establishing contact with WTW and starting the process, I am still invested in the funds of my choice. I have opted out of the employer scheme as this is mandatory, so no more paying in. 

I am not sure how long I will be out of the market it may only be a few weeks, but the transfer team are working at minimising it. The ii account is created and ready to receive the funds so as ready as it can be.

Will try and let you know if it happens soonish.

cupidstunt

Scrudgy said:

SouthCoastBoy said:

Thats interesting, disappointing but not surprising. 10 weeks out of the market is a long time

While the transfer specialist is working on establishing contact with WTW and starting the process, I am still invested in the funds of my choice. I have opted out of the employer scheme as this is mandatory, so no more paying in. 

I am not sure how long I will be out of the market it may only be a few weeks, but the transfer team are working at minimising it. The ii account is created and ready to receive the funds so as ready as it can be.

Will try and let you know if it happens soonish.

Hi

Any update on how long the process will take? I am considering moving my investments from Quilter to ii, but I dont want to be out of the market for a long period of time.