AJ Bell next please , been waiting a year to transfer my cash pot here.
Just popping in with a quick update ā SIPP transfers from Hargreaves Lansdown are now live!
Start your transfer here
Weāre working on support for more providers too ā join the waitlist to stay in the loop.
I saw that and it happened sooner than I expected! Great work to all of you who made this happen. Mine is on its way as we speak :)![]()
I finally took the leap and transferred my HL workplace pension in. After some confusion about what type of HL SIPP it was (there were two choices⦠I picked the wrong oneš³) it all went through within a week or so. Perfect. It was virtually all in VHVG and came across in-specie as requested.
In a few years I will need to start crystallising bits and drawing down from it; I really hope IE will have the bits in place to support that by then.
The way tech moves and competition, a few years is a long time and pretty sure IE will have developed more. Iām 49 and just started to invest into lower fee SIPPs and ISA funds like this one. Paying 0.7% or more on larger pots soon adds up. Most of my workplace sipp is with pensionbee and 0.7%, doing the maths it adds up.
No online drawdown functionality with IE yet I believe. read you have to contact them.
Hopefully in 7-10 years time theyāll have something in place for that, otherwise Iāll move the sipp to another provider before retirement age for easier drawdown
Even with lower fees (basically free apart from the fund fee which ever you choose - mine is 0.12%, Vanguard VHVG 85% and VFEG, plus a little gold) my Penfold Pension (Growth plan Blackrock) with 0.75% fee appears to be growing faster than my self managed SIPP here.
Just started both with the same amount and had 4.6% growth on the Penfold and 4.32% on the IE sipp. Since mid-Aug.
I know itās comparing apples and oranges as the funds are not the same.
Not sure what your point is? You have 2 different pots of money and theyāre growing at different rates?
Iām astonished thereās still so little support for transferring in pensions. Dread to think what the 18+ months wait has cost me to date.
Can we PLEASE have an indication on when this will be sorted? I donāt want open a SIPP elsewhere but itās beyond ridiculous now ![]()
In December last year you said that you would open a SIPP elsewhere if there were no concrete updates before Christmas⦠so why didnāt you, if you donāt mind me asking?
My advice is not to wait for a SIPP provider to provide what they say they will provide. In my experience such promises tend to take years to be fulfilled rather than days. Ultimately, if your preferred provider does eventually provide what they they will provide in the future then when they finally do you can transfer your SIPP to them from your previous (or interim) provider.
Of course in the meantime either your circumstances may have changed or other providers could have provided a better service. So do not wait for promises.
Sorry for the delayed reply, I havenāt logged in in a while. To answer your question I suppose I kept thinking IE would soon facilitate transfers, and then when they did so for Vanguard I figured others would soon follow.
Anyway, towelās now in and Iām transferring my workplace pension to AJ Bell. Better late then never ![]()
Hi, I would like to know what investments are offered by IE under SIPP. Do you offer shares (single stocks) from US and UK? Or is it just ETF? Also do you offer transfer from II?