Is II a no brainer

Gambler

I hope the SIPP cashback offer returns soon.

michaels

Pat38493 said:

Also I have seen posts today that II are just about to change their pricing strategy which will result in a reduction in the fixed fee for most investors.  It was quoted that the cost for a SIPP and ISA combo will go down from 21.99 per month to 14.99 per month.  I have not received an email from them yet, maybe because I only have a SIPP with them at the moment.  They have been sending out messages to existing customers today but I don't see any announcement on their website.

Still - keep in mind that there are a few platforms that offer S&S ISA with no fees at all e.g. T212 (but you can only use ETFs).

The SIPP only price is increasing from 11.99 to 14.99?

Gambler

michaels said:

Pat38493 said:

Also I have seen posts today that II are just about to change their pricing strategy which will result in a reduction in the fixed fee for most investors.  It was quoted that the cost for a SIPP and ISA combo will go down from 21.99 per month to 14.99 per month.  I have not received an email from them yet, maybe because I only have a SIPP with them at the moment.  They have been sending out messages to existing customers today but I don't see any announcement on their website.

Still - keep in mind that there are a few platforms that offer S&S ISA with no fees at all e.g. T212 (but you can only use ETFs).

The SIPP only price is increasing from 11.99 to 14.99?

https://www.thisismoney.co.uk/money/diyinvesting/article-15363557/interactive-investor-launches-new-price-plans-fees-compare.html#

Pricing table here

gonboating

michaels said:

II don't let you seperate crystalised and uncrystallised funds. Myself and another person I know have had real issues with the amount of time ii transfers take and that you can't drawdown whilst waiting for them to be finalised.
Am probably moving to AJ bell and putting same holdings in ETFs and bonds directly to minimise fees as they also let you trade linkers online.

that might be an issue(s) is there a workaround?

ex-pat_scot

I've had good service from ii in the last few years. 
Good price.
Decent performance in transferring in
Decent turnaround for taking the PCLS.
No concerns.

SVaz

The only ‘work around’ for notional split is to know exactly your percentages of crystallised vs uncrystallised. 

sausage_time

michaels said:

II don't let you seperate crystalised and uncrystallised funds. Myself and another person I know have had real issues with the amount of time ii transfers take and that you can't drawdown whilst waiting for them to be finalised.
Am probably moving to AJ bell and putting same holdings in ETFs and bonds directly to minimise fees as they also let you trade linkers online.

Can you perhaps clarify this?  I have not yet taken anything from my ii pension, but the worked example on the web clearly shows two separate pots for crystallised and uncrystallised.  (These are not my figures, just those in the on-line help),

NormalNorman

michaels said:

Pat38493 said:

Also I have seen posts today that II are just about to change their pricing strategy which will result in a reduction in the fixed fee for most investors.  It was quoted that the cost for a SIPP and ISA combo will go down from 21.99 per month to 14.99 per month.  I have not received an email from them yet, maybe because I only have a SIPP with them at the moment.  They have been sending out messages to existing customers today but I don't see any announcement on their website.

Still - keep in mind that there are a few platforms that offer S&S ISA with no fees at all e.g. T212 (but you can only use ETFs).

The SIPP only price is increasing from 11.99 to 14.99?

That will hit us. Annoying having just transferred but sweetened by £400 cashback between us. Still cheaper than the £16 odd quid to HL. Dealing [one free trade a month] and drawdown costs will save money too. Cheers

MallyGirl

sausage_time said:

michaels said:

II don't let you seperate crystalised and uncrystallised funds. Myself and another person I know have had real issues with the amount of time ii transfers take and that you can't drawdown whilst waiting for them to be finalised.
Am probably moving to AJ bell and putting same holdings in ETFs and bonds directly to minimise fees as they also let you trade linkers online.

Can you perhaps clarify this?  I have not yet taken anything from my ii pension, but the worked example on the web clearly shows two separate pots for crystallised and uncrystallised.  (These are not my figures, just those in the on-line help),

They definitely don't have separate pots - just a notional split. This means that you can't hold, for example, higher risk funds in uncrystallised and lower risk in crystallised

Pat38493

michaels said:

Pat38493 said:

Also I have seen posts today that II are just about to change their pricing strategy which will result in a reduction in the fixed fee for most investors.  It was quoted that the cost for a SIPP and ISA combo will go down from 21.99 per month to 14.99 per month.  I have not received an email from them yet, maybe because I only have a SIPP with them at the moment.  They have been sending out messages to existing customers today but I don't see any announcement on their website.

Still - keep in mind that there are a few platforms that offer S&S ISA with no fees at all e.g. T212 (but you can only use ETFs).

The SIPP only price is increasing from 11.99 to 14.99?

I only managed to get the details this morning, but yes it seems so.  For those of us who only have a SIPP with II today, the price is actually going up, but we will get "free" S&S ISA and GIA accounts whereas before we would have had to pay an extra £9 per month.