Alternatives to AJ Bell for Funds

valiant24

At present I am holding quite a lot of cash, via money market fund CSH2 in my SIPP:   AJ Bell's SIPP charges for ETFs etc are good, 0.25% capped at £10/mth, but their charges for Funds are uncapped so I am getting monthly bills of £40 or more.

I mailed in and told them that they are uncompetitive, and the "Retention" team agreed to cap my fund charges at £25/mth for a year, but that's still £25/mth I don't need to be paying.

I have an ISA and Dealing account with iWeb and a small one with ii, and have always found both fine.   But I've had the AJBell SIPP for over 10 years and am a little nervous of putting all my eggs in the iWeb basket.  Any opinions?

Thanks
V

Labtebricolist

Fidelity is free for holding ETFs in SIPP

GeoffTF

Do not worry about putting all you eggs in one basket. Choose a basket that will not fall apart. AJB and iWeb are two of the safest.

Zekko

IWeb are part of the Lloyds Banking Group. I use them for my S&S ISA.

Are IWeb still offering SIPPs to existing customers? because their website doesn't allow the sign up to a SIPP.

GeoffTF

Zekko said:

Are IWeb still offering SIPPs to existing customers? because their website doesn't allow the sign up to a SIPP.

Existing iWeb customers who already have SIPPs can keep them. The can either continue to have them managed by AJ Bell, or have them managed by Embark. That transition is still in progress. (Embark is part of Scottish Widows, which is part of Lloyds Banking Group. iWeb is a brand of Halifax Share Dealing Limited, which is also part of Lloyds Banking Group.) You can already open Embark managed SIPPs with the Lloyds and Halifax branded accounts. I expect that the same will soon be true for iWeb.

cloud_dog

Labtebricolist said:

Fidelity is free for holding ETFs in SIPP

Capped at £7.50pm.  But they don't offer CSH2.

Their 0.35% (uncapped for funds) is also higher than AJB.

@valiant24 you may want to take a look at Interactive Investor, who are a fixed price provider.  The fixed price is £12.99pm for a SIPP only.  So more than AJB but it covers all investments.

ColdIron

Labtebricolist said:

Fidelity is free for holding ETFs in SIPP

It's not free, it's capped at £90 pa in a SIPP. It's £0 in a trading account in common with many other platforms

jimjames

If you already have an ii account are you paying fees for that? Their SIPP is a reasonable price so might work out cheaper to consolidate with them.

LHW99

II allow CSH2 and you can include shares, funds ITs or ETFs without additional costs.

Albermarle

ColdIron said:

Labtebricolist said:

Fidelity is free for holding ETFs in SIPP

It's not free, it's capped at £90 pa in a SIPP. It's £0 in a trading account in common with many other platforms

To be 100% accurate it is capped at £90 for the whole platform. So covers an ISA and a SIPP.
AJ Bell and HL have separate caps.

Marb6145ky

I'm pretty sure these do a flat rate option £12.99 pm - I don't use them (and haven't looked for small print yet) but was thinking about it https://www.ii.co.uk/ii-accounts/sipp