New free SIPP platform (until the end of April) - Prosper - anyone else on this?

jimheadx

I noticed this offer here:  www.joinprosper.co.uk

Applying before the end of April for zero platform fees for life.   Seems pretty good?

I've opened an account and put £100 in it while I look at it further, but considering moving over a bunch of Vanguard ETFs in my SIPP, that are in a Hargreaves Lansdown account (which I think I pay 0.45% p.a. for?).

Some pretty chunky savings to be made, as I want to stick with passive ETF-type funds.

(Prosper seem to have about 160 ish ETFs/funds to choose from but I haven't reviewed in detail).

Albermarle

 but considering moving over a bunch of Vanguard ETFs in my SIPP, that are in a Hargreaves Lansdown account (which I think I pay 0.45% p.a. for?).

If you are solely invested in ETF;s your HL fees will be capped at £200 pa.

Applying before the end of April for zero platform fees for life.   Seems pretty good?

You will have to be quick

The Founding Offer will expire before 30th April 2024 if the asset value on our platform reaches £20 million. 

Otherwise the platform fee is a 'normal' 0.25% and a lack of clarity on other fees.

BigBlueSky

Has anyone else done this?

I see that they have extended the zero fees offer.