Alternatives to AJ Bell for Funds

EthicsGradient

"CSH2" is an ETF: Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | CSH2 | LU1230136894
So I don't see why you're getting charged like it's an OEIC. Does AJ Bell have an exception for money market ETFs? Or actively-managed ETFs?

GeoffTF

EthicsGradient said:

"CSH2" is an ETF: Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | CSH2 | LU1230136894
So I don't see why you're getting charged like it's an OEIC. Does AJ Bell have an exception for money market ETFs? Or actively-managed ETFs?

I expect that he is either below the price cap or is not aware of the price cap.

Ch1ll1Phlakes

valiant24 said:

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.

EthicsGradient said:

"CSH2" is an ETF: Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | CSH2 | LU1230136894
So I don't see why you're getting charged like it's an OEIC. Does AJ Bell have an exception for money market ETFs? Or actively-managed ETFs?

As mentioned CSH2 is an ETF.

Using AJ Bell's cost calculator to get fees that your experiencing you require >£300k. At this level AJ Bell ETF charges are capped at £10/mth so total AJ Bell fees are £120 for the year.

However the fund has a Ongoing Cost of 0.1% to the fund manager (Amundi) which is approximately £300 per year or £25/mth (when calculated with £300k).

If you have these levels of funds then your charges are expected. If this is not the case then you need to check the details more carefully and confirm with AJ Bell that it charging the ETF correctly.

Also if the summary by @EthicsGradient after this post is what you're wondering let us know

EthicsGradient

GeoffTF said:

EthicsGradient said:

"CSH2" is an ETF: Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | CSH2 | LU1230136894
So I don't see why you're getting charged like it's an OEIC. Does AJ Bell have an exception for money market ETFs? Or actively-managed ETFs?

I expect that he is either below the price cap or is not aware of the price cap.

Or perhaps they're saying "it's OK for my money market ETF, but I also have £200k of OEICs they charge me a lot for - is there somewhere cheaper for those that also offer this ETF?"? That, and whether they want to trade/regularly invest in anything, would be helpful for commenting.

valiant24

Ch1ll1Phlakes said:

valiant24 said:

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.

EthicsGradient said:

"CSH2" is an ETF: Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | CSH2 | LU1230136894
So I don't see why you're getting charged like it's an OEIC. Does AJ Bell have an exception for money market ETFs? Or actively-managed ETFs?

As mentioned CSH2 is an ETF.

I got this wrong!   It wasn't CSH2:


Nonetheless the question stands, as I (actually, my wife) is still getting scalped by AJBell on the Fund charges:

Date	Description	Payment (GBP)
13/06/2025	Account charge for shares - May 2025 - XXXXXX	-10
13/06/2025	Account charge for funds - May 2025 - XXXXXX	-35.24

wmb194

valiant24 said:

Ch1ll1Phlakes said:

valiant24 said:

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.

EthicsGradient said:

"CSH2" is an ETF: Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | CSH2 | LU1230136894
So I don't see why you're getting charged like it's an OEIC. Does AJ Bell have an exception for money market ETFs? Or actively-managed ETFs?

As mentioned CSH2 is an ETF.

I got this wrong!   It wasn't CSH2:


Nonetheless the question stands, as I (actually, my wife) is still getting scalped by AJBell on the Fund charges:

Date	Description	Payment (GBP)
13/06/2025	Account charge for shares - May 2025 - XXXXXX	-10
13/06/2025	Account charge for funds - May 2025 - XXXXXX	-35.24

So move them to iWeb (soon to be renamed Scottish Widows).

GeoffTF

AJ Bell is not suitable for holding OEICs. I suggest that you replace Fidelity UK P Acc with an ETF. HSDL is not currently offering SIPPs to new customers for the iWeb branded accounts, but they are offering them for the Lloyds and Halifax branded accounts. Interactive Investor is the only other reasonable choice if you want to hold OEICs.

valiant24

GeoffTF said:

AJ Bell is not suitable for holding OEICs. I suggest that you replace Fidelity UK P Acc with an ETF. HSDL is not currently offering SIPPs to new customers for the iWeb branded accounts, but they are offering them for the Lloyds and Halifax branded accounts. Interactive Investor is the only other reasonable choice if you want to hold OEICs.

Thanks.
1. What is "HSDL"?
2. Can you suggest an equivalent ETF?
Cheers!

Chickereeeee

wmb194 said:

valiant24 said:

Ch1ll1Phlakes said:

valiant24 said:

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.

EthicsGradient said:

"CSH2" is an ETF: Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc | CSH2 | LU1230136894
So I don't see why you're getting charged like it's an OEIC. Does AJ Bell have an exception for money market ETFs? Or actively-managed ETFs?

As mentioned CSH2 is an ETF.

I got this wrong!   It wasn't CSH2:


Nonetheless the question stands, as I (actually, my wife) is still getting scalped by AJBell on the Fund charges:

Date	Description	Payment (GBP)
13/06/2025	Account charge for shares - May 2025 - XXXXXX	-10
13/06/2025	Account charge for funds - May 2025 - XXXXXX	-35.24

So move them to iWeb (soon to be renamed Scottish Widows).

Last I looked (when I had a SIPP with iWeb) it was actually run and managed by A J Bell. Added extra complexity when I moved to II.

EthicsGradient

valiant24 said:

GeoffTF said:

AJ Bell is not suitable for holding OEICs. I suggest that you replace Fidelity UK P Acc with an ETF. HSDL is not currently offering SIPPs to new customers for the iWeb branded accounts, but they are offering them for the Lloyds and Halifax branded accounts. Interactive Investor is the only other reasonable choice if you want to hold OEICs.

Thanks.
1. What is "HSDL"?
2. Can you suggest an equivalent ETF?
Cheers!

HSDL is Halifax Share Dealing Limited (I think "Limited", anyway), the parent of the iWeb (soon to be Scottish Widows), Lloyds and Halifax brands.
While iShares and SPDR have ETFs that track the FTSE All Share like the Fidelity OEIC, their charges are higher (both 0.20%) than Fidelity's 0.06% ongoing charge + 0.03% transaction costs.
iShares UK Equity Index Fund (UK) | Class L
SPDR FTSE UK All Share UCITS ETF (Acc)
There is the Amundi UK Equity All Cap Index ETF, with ongoing cost 0.04%, which tracks a Morningstar-constructed index, which has slightly less in the small/micro section - according to Morningstar, the Fidelity fund is divided by size as:
Giant 49.49%
Large 27.78%
Medium 16.92%
Small 4.80%
Micro 0.92%
while Amundi is
Giant 51.41%
Large 28.36%
Medium 16.48%
Small 3.75%
Micro 0.00%
https://lt.morningstar.com/1c6qh1t6k9/snapshotpdf/default.aspx?LanguageId=en-GB&Id=0P0001CXZ5&ms-redirect-path=/1c6qh1t6k9default.aspx