Good SIPP provider

Good SIPP provider

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Can anyone suggest a method of sorting out a preferred SIPP provider. We have narrowed the field down to 3 but there is more to selection than mere costs. Looked at platforms and trading facilities but the final choice is difficult.

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By User deleted
16th Jul 2015 07:08

Not enough information ...

What do you want to do in the Sipp

Shares & investments - other instrumentsCommercial Property

Without this information there is no starting point because many providers do not deal with property

If commercial property - are you aiming to morgage (max 50% of fund)

Do you want to re-cycle property rents back into shares

Holding gold

Trading FX

Costs of trading shares - de-minimus transaction charges / period charges - transferring funds between provider and any 3rd party broker

and so on ....

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By King_Maker
16th Jul 2015 10:15

Impossible to answer without a lot more info.

IMHO, any insurance company run SIPP is to be avoided.

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By Justin Bryant
16th Jul 2015 10:17

iii

Is not too bad, if you just want a basic cheap service.

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By Captainblack
16th Jul 2015 10:35

HL

Personally my wife and I have had great service from Hargreaves Lansdown (real people answer the phone and don't need to put you on hold while they speak to their supervisor!) but i don't think it's the the cheapest solution. Their portal and research materials are excellent.

www.hl.co.uk

Captain

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Replying to lionofludesch:
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By exorsi
16th Jul 2015 17:54

More Information

Thanks all for the thoughts. To add more data:

I originally just considered a SIPP provider on 2 main issues; cost of holding and trading investments such as cash, shares and funds. No commercial property unless i could get my 4 buy to lets in there somehow (which i dont think i can)

Upon a lot more research i need to also consider flexible drawdown costs and customer service. As Captainblack says HL get a lot of credit for service and advice.

So i am looking in the round. i have a table of rates and costs so can see the cost balanced providers but no feedback on service there. I have started research on drawdown costs as once i enter this era i may need to retain all i the income i can.

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