My wife still has an account with them because I don’t want to pay the exit fees to switch. Anybody know which of the above will open an account in the name of a Trust. Copyright 2020 | Comparetheplatform is a Fundscape UK Ltd brand | All Rights Reserved. They don’t offer a SIPP, but there’s one in the pipeline for 2018. Accounts held with Halifax / Bank Of Scotland, Lloyds Bank, and iWeb count as one for the purposes of the FSCS compensation scheme. Researchers at Duke recently assessed 21 comparable funds from Vanguard and Fidelity across multiple attributes. They took about 6 months to transfer my SIPP. The “What we offer” page still says “coming soon”, but you can apply for a SIPP under the “My accounts – Open new account” section. They sent a notification email to those who registered interest. thanks. Vanguard also makes it easy to transfer in your Vanguard holdings from elsewhere. It also means that fund managers have to justify their more expensive annual management charges by providing additional performance. *A frequent trader rate or bonus is also available. Alkistis has a Masters in Finance & Investment and began her career at Bloomberg before moving to Cofunds, an adviser platform, and Legal & General Investment Management. All much more sophisticated interfaces if you’re an active/involved investor. Lifetime ISA: Among the very limited range of platforms offering this, I found AJ Bell cheapest if you’re planning to max out the 4K annual limit and investing until age 60 (started LISA because of SIPP limits for non-working spouse). If a link has an * beside it this means that it is an affiliated link. I’m satisfied with them overall. Vanguard's Lifestrategy funds are a good one fund solution for many investors (Interactive Investor even promote them as such - see my full Interactive Investor review) but there is limited human strategic overlay. Conversely, Interactive Investor will not only be cheaper (if you hold more than £80,000), you also have the choice of thousands of investment trusts, ETFs (including a version of the iShares ETF mentioned in the last section) and unit trusts from hundreds of investment companies, if you so wish, as well as access to direct share dealing. Now I’m intrigued – can anyone explain how IB’s SIPP arrangement works? The Fidelity platform does this, but it is an expensive one and I do not know of any others. 0.25% on first £250K then 0.1% on next £750K etc, + 0.25% charge (max £30) on ETFs, ITs, shares, and bonds, + 0.25% charge (max £100) on ETFs, ITs, shares, and bonds, Unrestricted ETF and unrestricted mixed ETF/fund portfolios, 0.35% on all assets worth £7500 – £249,999, Assets under £7500 = £45 p.a. Is any of the mainstream SIPPs suitable for expats? However, any growth and income generated via the general investment account are liable to income tax and capital gains tax. charges seem cheap? While Hargreaves Lansdown remains the UK's most popular investment platform, Interactive Investor remains the obvious choice in this instance, with iWeb being a consideration if you are not interested in platform size, usability or additional tools and insight. So be careful when you set this up, but once it’s up an running you don’t have to touch it again. Hello all, I am looking to move my shares and etfs portfolio to a new platform. Majority of funds are with Vanguard…perhaps it’s at this level of actual fund choice I should diversify and not worry about platform? If using Vanguard only then Vanguard's platform is cheaper, 0.15% vs Cavendish @ .25% edit: ignore that...they don't have a SIPP yet, I'd either do like 50/50 LS 100/Small cap or 50/40-45/5-10 Small cap/Dev World/UK, The 3 fund option has lower costs but no emerging markets, Yes I’ve got a regular savings account. I like you am looking for convenience so will probably put things under one roof and merge any overlapping holdings. Min £24 / Max £240, No £120 charge if £30,000+ across all accounts. This is a form of passive investing and more often than not is managed and run by a computer algorithm rather than by a fund manager. In the unlikely event of Vanguard becoming insolvent then an insolvency practitioner would be able to identify assets held by investors and make sure they are returned as quickly as possible. The first IB page that I linked to above states “A SIPP Administrator is an entity that is authorized and regulated in the United Kingdom”. I have ranked the table with the cheapest at the top and the most expensive at the bottom. ETF and IT fees capped at £45. It seems that there can be up to a 1.5% charge above the exchange rate when buying US shares using GBP. Does the £10 dealing fee apply to everything, for example SIPPs? However, as most Vanguard funds are simple trackers their performance just reflects that of the underlying index they track. Unlike Vanguard other robo-advice firms do have a more human element to their processes behind their online investment platform. Their ISA section says “No hidden charges to make payments, deal, switch holdings or exit”. We haven’t accounted for exclusive, discounted funds. There is one daft thing about setting up regular contributions to LifeStrategy funds: their fund picker screen will show two entries both called “LIFESTRATEGY 60 PERC EQUITY” and it’s not until you click on the KIID link on the subsequent screen that you know whether you’re picking the Accumulation or Income flavour. *A frequent trader rate or bonus is also available. This website uses cookies to improve your experience. We use cookies to give you the best experience on our website. Curious to know. Based on the table above it seems if I stick to ETF’s my best options would be: 1. The table is great, thanks a lot! By using our Services or clicking I agree, you agree to our use of cookies. Investors money is held separately from Vanguard's own investments with all funds held in a nominee account in accordance with Financial Conduct Authority (FCA) rules. a) move everything as invested =In Specie which takes up to 6 weeks or more. Inactivity fee is $3 for under 25s and reduced by dealing fees [, up to £50,000 value. @Linda Yes you can absolutely hold cash in an ISA, and thats normally the recommended approach anyhow as you’ll generally pay an exit fee per fund – only 1 fee if you’re in cash. All LifeStrategy funds are managed closely ensuring that each fund is automatically balanced to reflect the risk and return profile of the fund selected. Are you sure the annual platform fee for Lloyds is correct? First you'd need to decide your desired asset mix and then decide which trackers to pick. Interactive Investor have scrapped their regular investment fees according to an email I got from them today, so an update is needed! There are occasional fund entry charges of between 0.2% to 0.8%, where applicable. This is where things can get a little complex, but in the battle between Fidelity vs Vanguard, it’s one of the most important factors. My new employer uses nest and only matches 1% What lifestyle or retirement fund is best for my age? Another thing is that I recently contacted my PP provider and asked them for an estimate of annual income if I were to retire within the next few months. I opened a Revolut account (where you have a USD denominated account). I use the Lloyds Bank Online Direct Investment service as my platform (as with you also my current account and business account bankers). Unless I have misunderstood. I makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors or omissions or any damages arising from its display or use. All these services are online and execution-only. A day Spent in Old Targonor with the guild Fury on the Xeth server of vanguard. ETFs vs fund portfolios – Below around £25,000 you’re probably better off with funds. As the writer says the likes of Vanguard, iShares and State Street are unlikely to go under (Lehman Bros!). Fidelity offers – Fidelity Index UK Fund P Acc. Fidelity vs. Vanguard: In-Depth Comparison. OCF = 0.2% & transaction costs = 0.04%. But opting out of some of these cookies may affect your browsing experience.