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Hi all, I see that the AJ Bell has won an award for best sipp 2018. but I also see it has lots charges. any opinions?0
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Hi all, I see that the AJ Bell has won an award for best sipp 2018. but I also see it has lots charges. any opinions?
Ignore awards. That is just marketing (note two awards were from newspapers where advertising exists). The other awards are meaningless just as most awards are.
Some companies have very active staff who encourage advisers, paraplanners, admin staff or whoever to vote for them. Most companies to not. So, you tend to get a small cluster of companies receiving these so-called awards because of badgering. And those doing the voting are doing it for the rep they like. And often, they have little or no experience of any of the alternative companies. So, not really in a position to say they are best. Their provider may do everything they want but they may not realise that a different provider does more or better.
Some really awful plans win awards. It shouldn't be one of your research filters.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 -
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can you confirm the amount and what frequency
I am already over 55 and earn 52k at the moment. I prefer a passive investing. and I will try to max out my tax allowance each year.
So this tax year I will put about 15k. I will put again another 15k in the next tax year. The frequency is probably twice a year.Why VLS? VLS is not the cheapest multi-asset fund. So, if you are cost focussed, why are you picking that?0 -
I am new to investing. Reading from this MSE I have seen reasonable number of people are choosing the VLS. I understand Vanguard is currently does not have SIPP and we want to buy we will need to use the third party. Am I right?
Yes, the Vanguard funds are popular but they are no longer the cheapest multi-asset funds (0.33% for most of the VLS funds vs 0.20% available with others).
They are good at what they do but they are not a perfect solution. They were popular early on as they were instrumental in bringing costs down. However, as so often with various retail products, the next thing comes along, and then the next..... Some of that popularity continues and you wouldnt be disappointed with them. They don't hold the crown for lowest cost any more.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 -
Vanguard does not currently offer a SIPP.
http://monevator.com/category/investing/passive-investing-investing/0 -
Yes, the Vanguard funds are popular but they are no longer the cheapest multi-asset funds (0.33% for most of the VLS funds vs 0.20% available with others).
They are good at what they do but they are not a perfect solution. They were popular early on as they were instrumental in bringing costs down. However, as so often with various retail products, the next thing comes along, and then the next..... Some of that popularity continues and you wouldnt be disappointed with them. They don't hold the crown for lowest cost any more.
What would you recommend that would be similar to VLS60/80 but with cheaper costs?0 -
What would you recommend that would be similar to VLS60/80 but with cheaper costs?
I would be in breach of FCA rules if I answered that. However, if you look around the board, you will see threads with the answers on them by those that dont have the restriction I have.
I am also disregarding advice options where product/fund costs totalling 0.2x% to 0.3x% p.a. are possible but you would typically have an advice fee of around £500 on those and the OP is looking to DIY.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 -
OP may find this thread of interest
https://forums.moneysavingexpert.com/showthread.php?t=5650117&page=2https://forums.moneysavingexpert.com/showthread.php?t=5650117&page=20 -
Which platform provider should I apply? Any experience, advice or recommendation? Thank you!
Here's an article on DIY Investor which should help?
http://diyinvestoruk.blogspot.com/2016/08/selecting-your-diy-pension-platform.html
VLS or HSBC Global Strategy are both a good all round choice for starters.0
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