SIPP account recommendation?

330d

Ok looking to open a SIPP account and have done some research on which one to open. I'm leaning towards Vanguard as they have the lowest fees compared to others and they have good choice of the ready made portfolios to choose from.

Anything else I need to be aware of? Or any other recommendations?

Thank you 

Mark_d

I think Vanguard is a good choice.  It all depends on how tailored you want to investments

Albermarle

330d said:

Ok looking to open a SIPP account and have done some research on which one to open. I'm leaning towards Vanguard as they have the lowest fees compared to others and they have good choice of the ready made portfolios to choose from.

Anything else I need to be aware of? Or any other recommendations?

Thank you 

Vanguard only offer their own investments, which may not be an issue for you if you are happy with one of their target retirement date funds.
From comments on here their customer service response is not the best, but all providers have pros and cons.
They do not have the lowest fees but they are pretty competitive.

Bostonerimus1

330d said:

Ok looking to open a SIPP account and have done some research on which one to open. I'm leaning towards Vanguard as they have the lowest fees compared to others and they have good choice of the ready made portfolios to choose from.

Anything else I need to be aware of? Or any other recommendations?

Thank you 

Vanguard offers a range of multi-asset funds that contain their own funds. Is that what you mean by "ready made portfolios"? These aren't really portfolios because you can't buy and sell the individual funds inside, but they are a simple and value for money way to own a diverse set of funds.

dunstonh

Bostonerimus1 said:

330d said:

Ok looking to open a SIPP account and have done some research on which one to open. I'm leaning towards Vanguard as they have the lowest fees compared to others and they have good choice of the ready made portfolios to choose from.

Anything else I need to be aware of? Or any other recommendations?

Thank you 

Vanguard offers a range of multi-asset funds that contain their own funds. Is that what you mean by "ready made portfolios"? These aren't really portfolios because you can't buy and sell the individual funds inside, but they are a simple and value for money way to own a diverse set of funds.

Vanguard recently launched a robo-service.     Its not a SIPP but operates similar to other robos in that it it asks several questions and flowcharts people towards matching 1 of 5  robo portfolios of in-house funds.

Its more expensive than VLS or the IFA version of VLS:
0.30% management fee
0.15% account fee (capped to £375) 
0.16% OCF + TC 

I guess that Vanguard have added it for completeness in their overall offering but its not something any of the experienced investors here would likely use.  Its not as expensive as some robos but its not as cost effective as a SIPP with multi-asset funds.

Bostonerimus1

dunstonh said:

Bostonerimus1 said:

330d said:

Ok looking to open a SIPP account and have done some research on which one to open. I'm leaning towards Vanguard as they have the lowest fees compared to others and they have good choice of the ready made portfolios to choose from.

Anything else I need to be aware of? Or any other recommendations?

Thank you 

Vanguard offers a range of multi-asset funds that contain their own funds. Is that what you mean by "ready made portfolios"? These aren't really portfolios because you can't buy and sell the individual funds inside, but they are a simple and value for money way to own a diverse set of funds.

Vanguard recently launched a robo-service.     Its not a SIPP but operates similar to other robos in that it it asks several questions and flowcharts people towards matching 1 of 5  robo portfolios of in-house funds.

Its more expensive than VLS or the IFA version of VLS:
0.30% management fee
0.15% account fee (capped to £375) 
0.16% OCF + TC 

I guess that Vanguard have added it for completeness in their overall offering but its not something any of the experienced investors here would likely use.  Its not as expensive as some robos but its not as cost effective as a SIPP with multi-asset funds.

Thanks, good to know. I had a look at the Vanguard site and it says they offer a SIPP account where they will come up with a set of investments based on the answers you give to some online questions or you can DIY.

dunstonh

Bostonerimus1 said:

dunstonh said:

Bostonerimus1 said:

330d said:

Ok looking to open a SIPP account and have done some research on which one to open. I'm leaning towards Vanguard as they have the lowest fees compared to others and they have good choice of the ready made portfolios to choose from.

Anything else I need to be aware of? Or any other recommendations?

Thank you 

Vanguard offers a range of multi-asset funds that contain their own funds. Is that what you mean by "ready made portfolios"? These aren't really portfolios because you can't buy and sell the individual funds inside, but they are a simple and value for money way to own a diverse set of funds.

Vanguard recently launched a robo-service.     Its not a SIPP but operates similar to other robos in that it it asks several questions and flowcharts people towards matching 1 of 5  robo portfolios of in-house funds.

Its more expensive than VLS or the IFA version of VLS:
0.30% management fee
0.15% account fee (capped to £375) 
0.16% OCF + TC 

I guess that Vanguard have added it for completeness in their overall offering but its not something any of the experienced investors here would likely use.  Its not as expensive as some robos but its not as cost effective as a SIPP with multi-asset funds.

Thanks, good to know. I had a look at the Vanguard site and it says they offer a SIPP account where they will come up with a set of investments based on the answers you give to some online questions or you can DIY.

Yes, but when Vanguard use the term SIPP, it is in a marketing sense as neither the robo pension or the in-house platform pension offer typical SIPP functionality.  Their own marketing jumps between SIPP and personal pension in places.   (its not a personal pension or a stakeholder pension either - so, marketing naming takes over)

Samuelsjourney

I utilise Vanguard and HL. The bulk of my portfolio is with Vanguard which i self manage and have done so for the last 6 years. The platform is easy to use, the charges are low. Communication i find is good. 

330d

Thank you everyone for the replies.

Looks like Vanguard is a good option. In terms of the invest options, I am not comfortable buying and selling myself which is why the ready made ones is what I was leaning towards.

Somebody

There's currently a cashback offer at Interactive Investor if SIPP is opened before 30 September 2024

LHW99

Somebody said:

There's currently a cashback offer at Interactive Investor if SIPP is opened before 30 September 2024

And you can access Vanguard funds there.