Self-Invested Personal Pension / SIPP

Do you plan to offer Self Invested Personal Pension accounts?

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Hi!

We are looking to offer SIPP in the future, however we can’t give a precise timeframe for when that will become available to clients.

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For what it’s worth, as long as an InvestEngine SIPP was as cost effective as your ISAs are, I’d switch platforms to you guys immediately.

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@0x26res @Christopher – Great to hear the demand is there!
Can I be a bit cheeky and put a few other question out there.

Are you looking to:
a) Open a brand new SIPP
b) Transfer in a existing SIPP (In-specie asset transfers i.e. transfer without selling assets)

if b) Transfer in a existing SIPP. What other sorts of Assets would you look/expect to be able to transfer?

  1. ETFs only
  2. Mutual funds
  3. Shares

Be great to here your views!"

SIPP is the next big move for InvestEngine IMO and I’d move over immediately for an in specie transfer when that’s announced…

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If there was the option for in specie transfers (from Vanguard) I’d likely move everything over to InvestEngine. If not, I’d just keep my existing SIPP pot and then start paying into a new one with InvestEngine.

My interests are investing in mutual funds and ETFs, generally staying away from shares.

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@tom.winterton

Ideally I’d like to transfer an existing ISA. I’m interested in ETF/Mutual funds (low fees, diversification) and preferably accumulation products instead of dividends.

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I’ve been looking at SIPPs for a family member. She would need to transfer a fairly small stakeholder pension in cash. Then invest invest in either tracker funds or ETFs, ideally at the moment at the rate of contributions of £50 per month. As things stand now her best options would appear to be either AJ Bell DODL or Vanguard. Vanguard would be better, except that monthly contributions are a minimum of £100 which is a bit of a stretch for her. There must be a lot of people with low incomes that could benefit from the right SIPP.

Hope this gives some insight into where the competition is and helps to formulate where
a low cost SIPP might be pitched initially. Incidentally they both charge 0.15% p.a. platform fee although DODL has a minimum fee of £1 per month.

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@stehuk

Thanks for your feedback. SIPPs will hopefully be delivered sooner rather than later.

In-species transfers is something we are working on and will aim to deliver very soon also. Both will certainly help a lot of people.

In the meantime, enjoy the rest of your week and happy investing : )

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