iWeb Change to Scottish Widows

GeoffTF

Albermarle said:

Kaizen917 said:

I have lately been contemplating to consolidate all my ISAs + my SIPP into iWeb. They are all invested in global ETFs but split across Vanguard, InvestEngine and T212 which makes my overall platform fee cost low but as my total ISA holdings went over 100k last year, I cant shake that feeling that these providers are relatively new (Vanguard isnt but the UK entity feels nothing like the one in the US).

Is this ownership change making such a move make more sense? Especially with the free regular transfers being on the table.

Although I web is very cheap for ISAs , it is debatable whether its SIPP offering was that great.
If you stick with ETF's, The Fidelity at £90 pa and HL at £200 pa could be a better bet as they both have better websites, customer service etc 

iWeb wins if you have OEICs or Unit Trusts. The Lloyds and Halifax brands are both offering Vanguard LifeStrategy busting Ready-Made-Investments with an OCF of 0.1%, but there is also a £3 per month fee:

https://www.lloydsbank.com/investing/ways-to-invest/ready-made-investments.html

I wonder whether they will come to iWeb too. It would be odd if the soon to be Scottish Widows brand was the only one that did not offer these Scottish Widows branded funds.

ColdIron

GeoffTF said:

Kaizen917 said:

I have lately been contemplating to consolidate all my ISAs + my SIPP into iWeb.

iWeb now has pricing for its SIPPs:

https://www.iweb-sharedealing.co.uk/our-accounts/self-invested-personal-pension/sipp-charges.html

iWeb still does not appear to be offering them to new customers, but I expect that it will do so. I suggest that you ask them about it.

The pricing seems to be similar, if not identical, to the old AJ Bell pricing structure, £180 pa + £180 drawdown etc

If you click on Charges on the landing page it takes you to a page that links to yours where they are described as 'AJ Bell-administered SIPP accounts'

https://www.iweb-sharedealing.co.uk/charges.html

Is this stale information? It seems unclear to me

However if you look at the factsheet at the bottom it talks about 0.25% capped at £16.50 per month but no additional charges for drawdown

https://www.iweb-sharedealing.co.uk/assets/costsandcharges.pdf

GeoffTF

ColdIron said:

GeoffTF said:

Kaizen917 said:

I have lately been contemplating to consolidate all my ISAs + my SIPP into iWeb.

iWeb now has pricing for its SIPPs:

https://www.iweb-sharedealing.co.uk/our-accounts/self-invested-personal-pension/sipp-charges.html

iWeb still does not appear to be offering them to new customers, but I expect that it will do so. I suggest that you ask them about it.

The pricing seems to be similar, if not identical, to the old AJ Bell pricing structure, £180 pa + £180 drawdown etc

If you click on Charges on the landing page it takes you to a page that links to yours where they are described as 'AJ Bell-administered SIPP accounts'

https://www.iweb-sharedealing.co.uk/charges.html

Is this stale information? It seems unclear to me

However if you look at the factsheet at the bottom it talks about 0.25% capped at £16.50 per month but no additional charges for drawdown

https://www.iweb-sharedealing.co.uk/assets/costsandcharges.pdf

I did not check my SIPP charges link closely before posting it. It is indeed the old AJ Bell SIPP charges. I have friend who has an old AJ Bell administered SIPP and is moved to Embark's administration (if it has not already arrived). I would be very surprised if Embark SIPPs are not offered to new iWeb customers in due course, with the same pricing as for the Lloyds and Halifax brands, as in your second link. I do not have a SIPP with iWeb, but I get nothing when I log in and click the open a new account link. They are clearly trying to muscle AJ Bell out. The new lower SIPP charges are good news, unless Embark makes a real mess of it.

talexuser

mebu60 said:

Bring back 'widow' #3 I say (Amanda Lamb 1999 - 2005). 

No, Roger Moore's daughter

SevenUpPear8

This page seems to suggest the new IWeb Scottish Widows SIPP is very similar to the existing Lloyds and Halifax SIPPs: www.iweb-sharedealing.co.uk/landing-pages/sipp-changes.html
(I can't post clickable links)

So like how Halifax, IWeb and Lloyds fundamentally use the same ISA platform but with slightly different charging structure, so will the SIPP.

It says the new SIPP is open for existing customers on 22 September 2025. I would think they would make it available for new customers at the same time or shortly thereafter.

london21

Exciting news about iWeb!

When I moved from another provider and often wondered why iWeb didn’t have an app.
I’ve just been informed that a name change is underway and an app is coming soon!

eskbanker

Thread started last week about this:

https://forums.moneysavingexpert.com/discussion/6622744/iweb-change-to-scottish-widows

london21

eskbanker said:

Thread started last week about this:

https://forums.moneysavingexpert.com/discussion/6622744/iweb-change-to-scottish-widows

Awesome thanks was not aware. 

Was too excited.

mebu60

talexuser said:

mebu60 said:

Bring back 'widow' #3 I say (Amanda Lamb 1999 - 2005). 

No, Roger Moore's daughter

Deborah. The original 'widow'. 

I met Amanda at the NEC many years ago. She was most personable. And liked red wine! 

QrizB

mebu60 said:

talexuser said:

mebu60 said:

Bring back 'widow' #3 I say (Amanda Lamb 1999 - 2005). 

No, Roger Moore's daughter

Deborah. The original 'widow'.

Deborah, you say?

https://m.youtube.com/watch?v=qJS3xnD7Mus