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Vanguard won't release my money.

travelodger · 2023-11-13 17:39:14

In 2021 I invested £45,000 in a Vanguard SIPP. In July 2023 I asked them to transfer it to my HL SIPP. I did the required paperwork for both sides and waited. Since then, I have had ten messages from HL saying that Vanguard still has not done the transfer. There is nothing HL can do. I have messaged and phoned Vanguard…

Comments

Scrounger Posts: 1,123 Forumite

15 November 2023 at 2:06PM

jimjames said:

Slight tangent but I'm curious to know why people are moving from Vanguard to HL. It doesn't seem like the logical direction to be moving when HL fees are 0.45% and Vanguard 0.15%?

I was swayed by HL's generous £1,500 transfer offer (on transferred SIPPs > £120k).

Charges are capped @ £200 on HL (ETF's) compared to about £185 with Vanguard.

Scrounger

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