Finally moving the SIPP
Comments
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Can anyone please point me towards Youinvest's list of investment trusts available, both at all and for monthly savings?
Those eligible for regular investment can be found here
https://www.youinvest.co.uk/our-services/qualifying-regular-investments
Full list here
https://www.youinvest.co.uk/research-tools/quickrank/it0 -
Which platform did you finally decide to transfer your wife's SIPP to AJ Bell or Fidelity??
What was a little annoying though was that I had a real struggle opening the SIPP and almost walked away. The OH had a old S&S ISA with Fidelity 2003 through 2007, transferred and closed but when I tried to register they recognised the NI number and wouldn't let me open the account via a new registration as they expected me to log in and open it as an existing customer. Only problem...No idea of account details or online user IDs/passwords. Then I remembered a tatty old statement from Fidelity (for said ISA account) that I kept coming across in that 'pile of stuff that I should do something with', and it had the CRM. From that I was able to re-activate and reset the password, and by a stroke of luck I was able to work out what the PIN was (3 items required to login), and hey presto.
So, I'm going to advise HL to transfer to Fidelity after 21 January and will initiate the transfer from the YouInvest SIPP.
Then, I am hoping I am done. And, hope Fidelity won't go looking for a big spanner to throw in to the works.
Thanks for everyone's comments, it has been (as usual) quite interesting and informative.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Next thing I need to do is to work out how much, based on the OH salary, we can contribute in to the SIPP.
The OH works as a part-time teaching assistant, with a salary of roughly £7.5k, is in the LGPS paying 5.5% of salary (I believe).
With the LGPS being a DB scheme do I need to calculate the increase in the pension benefit, and deduct that from the salary to get the number or is there another calculation?Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Next thing I need to do is to work out how much, based on the OH salary, we can contribute in to the SIPP.
The OH works as a part-time teaching assistant, with a salary of roughly £7.5k, is in the LGPS paying 5.5% of salary (I believe).
With the LGPS being a DB scheme do I need to calculate the increase in the pension benefit, and deduct that from the salary to get the number or is there another calculation?
Increase in pension benefits is relevant for comparing to Annual Allowance. Her contribution in £s is relevant for the Earned Income limit.
In this case the latter is applicable by the sounds of it (Salary - LGPS contribution).0 -
Ok, so, 3 months on... You know all that stuff people say about 'cost is not the be all and end all', well....
I am actually getting a little (lot) frustrated with Fidelity website, with its ease of use and capability. I know others have commented on this previously and I know the website is undergoing a redesign but, I need to know when they will complete this because I am getting frustrated with it. It could be that it is all new (for me) and it could be that I am 'dabbling' more that you would do ordinarily, i.e. once everything is set up but... :lipsrseal
So, latest example.... When we moved the SIPP we continued with the regular monthly plan (£125pm gross) in to the Fidelity SIPP but set up the plan to leave it as cash, as everything else was in cash. So now I have assessed where the lump sum investments are going and where the monthly contributions will go I thought I'd simply :eek: go in and revise the monthly plan and change the investment option to the chosen IT. Well, it does simply allow you to do this (on the first update page), although it is not as intuitive as it really should be. My main gripe is that you then have to go through the whole direct debit process all over again, re-entering sort code, account number, signing/confirming the DD mandate form etc. So now I'm in a situation that I am unsure if this will create a brand new DD mandate or simply a really badly designed website and all it will do is to change the investment in to the new IT.
Is there anyone with Fidelity who has any information on when this website re-design will be completed? Because I am getting to the point where I really am wondering if I have made a mistake
(obviously once my tinkering is complete I won't need to meddle much at all but, even so...)Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
and I know the website is undergoing a redesign
How many years is it now since they started?
Joking aside, The redesign started back in 2007 and many of the things they said were coming back then never arrived. Then in January 2014, it announced that it was going to use Bravura as the software provider. Clearly realising the days of in-house IT were over. Due to be launched in second quarter of 2016. We are still waiting
Aviva moved away from Bravura to FNZ earlier this yearI need to know when they will complete this because I am getting frustrated with it.
You never know. They may get round to it by the time your death claim comes in.It could be that it is all new (for me) and it could be that I am 'dabbling' more that you would do ordinarily, i.e. once everything is set up but...
Its not you. I use many platforms and I would put it near bottom.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.0 -
Its not you. I use many platforms and I would put it near bottom.
So which platforms would you suggest for DIY investors who only invest in IT's in their SIPPS? Not purely cost wise but also for platform functionality.
I think Charles Stanley and AJ Bell/YouInvest are the most competitive after Fidelity but I suppose cost isn't everything if the Fidelity website is so poor.0 -
So which platforms would you suggest for DIY investors who only invest in IT's in their SIPPS? Not purely cost wise but also for platform functionality.
I'd mention III (II) with their fixed price but, in my opinion, they just seem unable to keep their train on the tracks. X-O (Jarvis) comes in good from a price perspective but I know their main X-O dealing site is very basic (functional but basic) and I've not used their SIPP provider.
I suppose it depends on size of pot and if you are looking for fixed price or percentage.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Ok, so, 3 months on... You know all that stuff people say about 'cost is not the be all and end all', well....
I am actually getting a little (lot) frustrated with Fidelity website, with its ease of use and capability. I know others have commented on this previously and I know the website is undergoing a redesign but, I need to know when they will complete this because I am getting frustrated with it. It could be that it is all new (for me) and it could be that I am 'dabbling' more that you would do ordinarily, i.e. once everything is set up but... :lipsrseal
So, latest example.... When we moved the SIPP we continued with the regular monthly plan (£125pm gross) in to the Fidelity SIPP but set up the plan to leave it as cash, as everything else was in cash. So now I have assessed where the lump sum investments are going and where the monthly contributions will go I thought I'd simply :eek: go in and revise the monthly plan and change the investment option to the chosen IT. Well, it does simply allow you to do this (on the first update page), although it is not as intuitive as it really should be. My main gripe is that you then have to go through the whole direct debit process all over again, re-entering sort code, account number, signing/confirming the DD mandate form etc. So now I'm in a situation that I am unsure if this will create a brand new DD mandate or simply a really badly designed website and all it will do is to change the investment in to the new IT.
Is there anyone with Fidelity who has any information on when this website re-design will be completed? Because I am getting to the point where I really am wondering if I have made a mistake
(obviously once my tinkering is complete I won't need to meddle much at all but, even so...)
I only invest in lump sums so don't really have a problem regarding monthly DD payments. The website is clunky but it works for me but as I said I make very limited transactions.
If you are having second thoughts, then as ArchBair has said I think Charles Stanley & AJ Bell are the next best options for pricing.0 -
If you are having second thoughts, then as ArchBair has said I think Charles Stanley & AJ Bell are the next best options for pricing.
Having a basic website or web pages doesn't bother me, my ISA is with X-O, they don't come more basic), but the Fidelity pages (certainly the monthly deposits) are just so user unfriendly.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0
This discussion has been closed.
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