Choosing a pension provider for a new SIPP - help!

GenieLBH

YellowCarBlueCar said:

I also opened a new SIPP with A J Bell this week, and again it only took minutes to have cash in the account.

That's all you need to do before the end of the FY, so you aren't then under time pressure to select your funds before FY end.

So I presume while your money is in cash and uninvested you do not get any interest or pay any fees?

QrizB

GenieLBH said:

YellowCarBlueCar said:

I also opened a new SIPP with A J Bell this week, and again it only took minutes to have cash in the account.

That's all you need to do before the end of the FY, so you aren't then under time pressure to select your funds before FY end.

So I presume while your money is in cash and uninvested you do not get any interest or pay any fees?

Depending on the provider you might get interest and you might pay fees.

GenieLBH

OK thanks I have checked AJBell and it looks like there is no charge while money is held in cash, no charge to transfer to another provider, and interest is paid at 2.52% <£10k and 3.03% >£10k. So considering the short timescale it looks like they might be the one to go with if I do take the plunge.

Only thing that puts me off them is that bloody awful TV advertisement!

YellowCarBlueCar

GenieLBH said:

Only thing that puts me off them is that bloody awful TV advertisement!

Tell me about it - I get an earworm every time I see the name.  As I now have the app on my phone, that's a lot!

Albermarle

GenieLBH said:

OK thanks I have checked AJBell and it looks like there is no charge while money is held in cash, no charge to transfer to another provider, and interest is paid at 2.52% <£10k and 3.03% >£10k. So considering the short timescale it looks like they might be the one to go with if I do take the plunge.

Only thing that puts me off them is that bloody awful TV advertisement!

The Hargreaves Lansdown one is pretty bad as well .

Fidelity are more conservative/less annoying in their low key marketing, but their platform fee is 0.35% as opposed to AJ Bell at 0.25% . Although there is no charge for investing/buying funds, whereas AJ bell charge £1.50 a time I think. 
Pretty much the same terms for holding cash.

Scrounger

Fidelity currently have a refer a friend offer of £100 in Amazon vouchers (min investment £5k):

http://www.fidelity.co.uk/currentoffers/

£90pa ceiling on platform charges for SIPPs /ISAs/GIA held in ETF's.

One of my favourites.


Scrounger

Albermarle

Scrounger said:

Fidelity currently have a refer a friend offer of £100 in Amazon vouchers (min investment £5k):

http://www.fidelity.co.uk/currentoffers/

£45pa ceiling on platform charges for SIPPs /ISAs/GIA held in ETF's.

One of my favourites.


Scrounger

The ceiling was increased to £90 some time ago.

Scrounger

Albermarle said:

Scrounger said:

Fidelity currently have a refer a friend offer of £100 in Amazon vouchers (min investment £5k):

http://www.fidelity.co.uk/currentoffers/

£45pa ceiling on platform charges for SIPPs /ISAs/GIA held in ETF's.

One of my favourites.


Scrounger

The ceiling was increased to £90 some time ago.

Yes, of course you're right.

Still good value IMO for larger pension pots held in ETF's.


Scrounger

Albermarle

Scrounger said:

Albermarle said:

Scrounger said:

Fidelity currently have a refer a friend offer of £100 in Amazon vouchers (min investment £5k):

http://www.fidelity.co.uk/currentoffers/

£45pa ceiling on platform charges for SIPPs /ISAs/GIA held in ETF's.

One of my favourites.


Scrounger

The ceiling was increased to £90 some time ago.

Yes, of course you're right.

Still good value IMO for larger pension pots held in ETF's.


Scrounger

Also it is £90 across the platform, unlike with HL who have separate limits for ISA's and SIPPs.