SIPPs/Pension Dilemma

Qyburn

ekimhoo said:

The fees are 1.71% IFA + SIPP Platform.  

Just to be clear are these fees paid out? Not including the annual charges of the actual funds, which you don't see as deductions because they're factored into the price of the fund.

RogerPensionGuy

The link below is good and maybe very relevant to this thread. 

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https://youtu.be/JRg7UAKsInI?si=zCy4IaArZcfJvVXO

ekimhoo

Qyburn said:

ekimhoo said:

The fees are 1.71% IFA + SIPP Platform.  

Just to be clear are these fees paid out? Not including the annual charges of the actual funds, which you don't see as deductions because they're factored into the price of the fund.

Total fees paid out = 1.71%

dunstonh

ekimhoo said:

Qyburn said:

ekimhoo said:

The fees are 1.71% IFA + SIPP Platform.  

Just to be clear are these fees paid out? Not including the annual charges of the actual funds, which you don't see as deductions because they're factored into the price of the fund.

Total fees paid out = 1.71%

So, that is the total of the following?:
platform/provider
adviser
DFM (not always present)
Fund AMC (if pension funds) or OCF (it unit trust/OEICs)
Transaction costs
Incidental costs (normally zero)

Transaction costs should be ignored.  So, what are the charges without TC?  (or ideally, the breakdown of each).

Knowing the split lets us know which part of the service is causing the higher cost.  i.e. for funds passive would be closer to 0.1x%.   Managed would be closer to 0.7x%.  The platform could be anything from around 0.1x% to 0.5x%.    DFM may not be involved but if they are it could be 0.09% to 0.50%.