Lloyds Bank SIPP

Qyburn

I've just noticed this. Does anyone use if or have any inside information, like for example is it just branded "Lloyds" but actually operated for them by someone horrible?  Just based on their information it might suit me as a destination for my very small ex-company Royal London pension which I'll be operating just to pop in 2880/3600 for the next few years. RL fees are now just over 1% since it stopped being a company scheme, and they're hard to communicate with.

https://www.lloydsbank.com/investing/ways-to-invest/share-dealing-services/self-invested-personal-pension.html

Marcon

Qyburn said:

I've just noticed this. Does anyone use if or have any inside information, like for example is it just branded "Lloyds" but actually operated for them by someone horrible?  Just based on their information it might suit me as a destination for my very small ex-company Royal London pension which I'll be operating just to pop in 2880/3600 for the next few years. RL fees are now just over 1% since it stopped being a company scheme, and they're hard to communicate with.

https://www.lloydsbank.com/investing/ways-to-invest/share-dealing-services/self-invested-personal-pension.html

Lloyds SIPP is run by Embark.

Have you considered https://investengine.com/sipp/ Quoting from their website: 'We won’t charge you a penny for your SIPP account and you can choose your own investments commission‑free. If you’d like our experts to manage the investments inside your SIPP, we’ll charge you 0.25% for a Managed or LifePlan portfolio.'

Voyager2002

You might also consider the Fidelity SIPP, which has low fees when in drawdown.

Qyburn

Voyager2002 said:

You might also consider the Fidelity SIPP, which has low fees when in drawdown.

I'm not seeing that. On Fidelity's web page they show fees of 0.35% but minimum of £90/year, making it not so good for a low value. vs Lloyds at 0.25%.

Or are you saying that those reduce once the account's in drawdown?

cloud_dog

Or Dodl from AJ Bell?