Stop my Halifax stakeholder pension?

dunstonh

A stakeholder is not comparable with a SIPP - I am talking about PPs. If you choose external funds in an insurance company PP, you can easily pay the same as in a cheap SIPP.

Its not comparable but so many people are buying more expensive funds such as manager of manager funds and are being duped by the media hype that SIPPs are cheap and fashionable.

Why would you want to consign such an investor who wishes to improve his skills to a bog-standard product?

How do we know he wants to improve his skills? Why do you assume that a stakeholder pension or a personal pension is not the right option?

Some people might think it's because you're concerned they will develop skills and won't need help from "advisors" any more...

I've made my views quite clear about SIPPs a number of times. Anyone who sees logic and doesnt have a bias against advisers (and a reliance on the media for their own knowledge) will not think what you suggest.

There is little point someone paying twice the cost to invest in funds that they can get on a stakeholder or personal pension. If you use the features and options of the SIPP or you are a medium/high or higher risk investor, then the SIPP can be very attractive and be money will spent.

Most people in the UK are not medium/high risk or higher. Most people dont have the knowledge to utilise the investment options correctly and most dont want to learn about it. Shoving everybody into a SIPP is irresponsible.

purch

Fund choice on offer is pretty rubbish but that is normal for banks.

If you fancy a 'Global Growth' type fund then their Fund of Investment Trusts is a pretty decent Fund in that sector..............other than that it's 'as he said !!!!' :cool: