Freetrade Just announced 1% cashback on pension transfers into their SIPP, so I think that’s my decision made for me!
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I do often wonder if there is a sweep within IE Headquarters around which forum mod gets to post the news that transfer-ins are live! Could be post of the year!
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I can’t see that offer on the freetrade website (yet). They also charge £120/year just to hold an ISA and SIPP. They do at least offer UFPLS withdrawals and I’m going to need to start withdrawing soon, so I’ll let the dust settle and see what’s available when the time comes.
It’s halfway down the SIPP page…https://freetrade.io/pension/sipp#how-to-open-a-sipp
Something to keep in mind when choosing Freetrade:
Each UFPLS withdrawal from your Freetrade SIPP will cost £240.
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I’m sticking with AJB.
How many pension lump sums am I going to take? None for at least 25 years.
Andy mentioned he has to start withdrawing soon so it worth letting people know the withdrawal fees are ridiculous.
Another point to note (one that I have just found out), InvestEngine require you to maintain a cash buffer that is equivalent to 1 years worth of SIPP fees, ie you cannot invest 0.15% of your SIPPS value!
And you do not earn any form of interest on that 0.15%.
Yeah, I stopped using their managed portfolio for any significant portion of my ISA because they keep a 2% cash buffer on even the highest-risk portfolio. Wild decision.
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My guess at this point is that the earliest IE is targeting transfers will be 9 September for pension awareness day again, but even if they manage that it’s probably too little, too late.
Quick update for those interested: two of my three pots have transferred to Freetrade within a week. Still waiting on the third, but I suspect that’s due to quirks of the transferring scheme (it’s DC, but employer trustee-managed and for some reason they need to sign off on transfers in and out, taking their sweet time to do so).
EDIT: the third was transferred by the following day. Great result.
SIPP transfer update!
We appreciate you’ve been patiently waiting for an update on our SIPP transfers, and thanks for bearing with us! When we released our SIPP, our aim was to allow our community to transfer into the account as soon as possible.
So, why are SIPP transfers not yet available on the platform?
Put simply, we’ve run into a few hurdles in their implementation and we want to ensure the service is smooth and effective before we launch. Many of these challenges have been unforeseen and out of our control, but we’re working through them one by one to create a system that works.
So, in the interest of transparency, there is no specific date we can give for our SIPP transfers to be live, but rest assured it’s our priority. We want to thank you for your patience and to ensure that you’ll be the first people to know when we do go live with our transfer system.
Whoever gets there first (with in transfers) will get my business. But I hope it’s IE! 
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Ok, I’m ready to give up on the wait for investengine SIPP transfers.
What are my options? And alternatives that offer:
- All world index ETFs (low cost)
- SIPP transfers
- Junior SIPPs
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Yeah I’m pretty much there too. Ridiculous how long this is taking, I’ve no financial services experience but surely once you’ve actually got a SIPP set up and functioning it needn’t take another 11 months and counting to organise transfer deposits 
I’ve been waiting this whole time to transfer what is a significant People’s Pension balance to my SIPP and so if there are no concrete updates this side of Christmas I’ll be off to another provider during the holiday…
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Quick update from us. We’ve just launched SIPP transfers for Vanguard customers, you can start your transfer here: InvestEngine Self-Invested Personal Pensions (SIPP)
At the moment, transfers need to be done on the website, however we’re aiming to update the app at the beginning of the week. The team is working hard, and we hope to roll out wider transfers soon.
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