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Whole of market Sipp providers - any differences in what is whole?
Can one assume that all of the usual popular independent DIY platforms offer access to the same universe of investment products, allowed in their sipps or isas? Not UK shares but more exotic products?
For example, leveraged etf's, do they all offer the same universe? Non UK shares from across the globe? Could I assume that anything I find on AJ bell for example will also be on all the other platforms?
Looked on monevator but can't see the answer.
Comments
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No - you can't assume that.
We've had several threads about Gilts for instance. Fidelity don't do them at all. Some providers have a limited range. Others expect you to trade gilts by phone, and pay the phone dealing charges.
So they won't all be the same, but you may not find that out until you want something they don't have, unless you go through their product list in advance.
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Can one assume that all of the usual popular independent DIY platforms offer access to the same universe of investment products, allowed in their sipps or isas? Not UK shares but more exotic products?
No, that is an incorrect assumption.
Could I assume that anything I find on AJ bell for example will also be on all the other platforms?
No.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2 -
For more common, vanilla, products you’ll find that all of the big DIY platforms will have them available. However, when you start looking at more niche (single gilts for example) and exotic investments (eg leveraged ETFs), you’ll find greater disparity between the different providers.
"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)1 -
You cannot rely on even that. You should always check in advance that the SIPP will hold your investments. AJ Bell supports a wider range of investments than most. Even if a SIPP does support an investment, you may not be allowed to hold it unless you are classed as a high net worth, sophisticated or professional investor.
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Do any of the usual popular independent DIY platforms actually advertise themselves as "whole of market SIPP providers"? I'd have thought that this was a misleading thing to promise if they don't have any realistic prospect of delivering on it…
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In my experience with Interactive Investor and Halifax Share Dealing (before they made gilts available for online trading), you are not charged the phone dealing charges but only the online dealing charge because there isn't the option to deal online.
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High street brands and everyday names you see most on here won't offer those. You need an advanced platform like IB.
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What are "those"?
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