Santander Personal Pension (SIPP)

APWhiteSavvy

Does anyone have any insight on when Santander are launching their personal pension / SIPP product via the Santander Investment Hub?

It must be coming soon, because I have seen various PDFs on Google when searching for this, which reference the account, but I spoke with someone from Santander Investment Hub who said it's not possible to apply for this product "at this time".

Some examples of PDFs that mention the non-existant Santander Personal Pension:

https://www.santander.co.uk/assets/s3fs-public/AD_documents/santander_investment_hub_kfd_life1076nov23ipgcd_lr_digital_version.pdf

https://www.santander.co.uk/assets/s3fs-public/AD_documents/santander_investment_hub_t_cs_life1038nov23ipgcd_lr_digital_version.pdf<br>

https://www.santander.co.uk/assets/s3fs-public/documents/Santander_ISA_transfer_Cashback_Offer_Terms_%26_Conditions_LIFEMC0728_OCT_24_IPGCDT.pdf

It's randomly quoted and mentioned in this news article too:

https://www.birminghammail.co.uk/news/cost-of-living/santander-warns-customers-set-aside-29737677

Anyone have any insight? I currently manage my ISAs etc from Santander Investment Hub, and already have a fair amount of funds in there, so I'd benefit from lower fees as they apply at account level as opposed to per-product. 

Currently have my SIPP in Vanguard, and whilst it's doing fine, there are some other funds I'd like to invest in which are available on the Investment Hub.

silvercar

I'll move this thread to the pension board.

dunstonh

Currently have my SIPP in Vanguard, and whilst it's doing fine, there are some other funds I'd like to invest in which are available on the Investment Hub.

Move it to a whole of market platform that is currently available then.  it's not as if the Santander Investment hub is market leading on price.

Marcon

Santander are likely to be best placed to answer your question. Have you tried asking them?

APWhiteSavvy

Marcon said:

Santander are likely to be best placed to answer your question. Have you tried asking them?

Yeh I did, they said it's not possible to do it right now and congratulated me on my internet sleuthing to find the PDFs. (I just googled Santander SIPP). Just thought someone with Select etc might have a bit more insight than me on their more basic account offering.

APWhiteSavvy

dunstonh said:

Currently have my SIPP in Vanguard, and whilst it's doing fine, there are some other funds I'd like to invest in which are available on the Investment Hub.

Move it to a whole of market platform that is currently available then.  it's not as if the Santander Investment hub is market leading on price.

I know, but I have my ISA in there and it's doing very well.
And the fees are account based across the hub, so because I already have over a certain amount in there in the ISA, the SIPP should benefit from lower fees overall. 

dunstonh

I know, but I have my ISA in there and it's doing very well.

Santander have no funds that you could class as desirable and unique.    And whole of market platforms have all investments available on the open market.

WHen you say it's doing very well, is that relative to comparable investments or just that you like what the last year has done (when everything has gone up)

And the fees are account based across the hub, so because I already have over a certain amount in there in the ISA, the SIPP should benefit from lower fees overall. 

Looking at the fees on their website, they are nothing special.  

APWhiteSavvy

A video has appeared on YouTube now. 

https://www.youtube.com/watch?v=aAVeYZWDhpY

Yet it remains a product you can't apply for. Very odd marketing!

APWhiteSavvy

And now a landing page: https://www.santander.co.uk/personal/investments/santander-personal-pension

but if you try and "start a personal pension", it just throws up an error:

We are sorry, the page you are looking for is not found.

FIREDreamer

APWhiteSavvy said:

And now a landing page: https://www.santander.co.uk/personal/investments/santander-personal-pension

but if you try and "start a personal pension", it just throws up an error:

We are sorry, the page you are looking for is not found.

Link works for me …

Then …

Not going to continue but it seems to work.

APWhiteSavvy

Yes it works if I am logged out, but this is not to set up the pension, this is to set up a Santander Investment Hub account - which I already have.