Edinburgh Black Cat
Striker
Aye, agreed. I have 2 with L&G, was thinking about moving the old employer at some point. Although to be fair, the L&G fees are likely to be much lower than a SIPP.
Existing employer I'll leave as is to get contributions
What shares you buying?
- Thread starter andysfootball
- Start date
Aye, agreed. I have 2 with L&G, was thinking about moving the old employer at some point. Although to be fair, the L&G fees are likely to be much lower than a SIPP.
Existing employer I'll leave as is to get contributions
42
Striker
Thanks for the info, I have looked into vanguard before.
Can you invest in vanguard funds through HL website? Or is it best to go direct to vanguard website?
I will have a look at YouTube info over the weekend when I am off
I use Vanguard direct through their platform. Its straight forward & user friendly.
Obviously you can only buy their funds, but this can be an advantage if you're a novice as can be overwhelmed with the choice H&L offer, and trying to hedge bets by doing too many funds. When in reality depending on your goals the life strategy, target retirement & their global all cap index tracker is all you need if not that clued up.
Oily Oily Oily
Central Defender
Darlo1973
Striker
I have a SIPP which I use to collect old employer pensions - I must have had 4 or 5 over the last 20 years - as it's easier to have them all in one place, you get to choose the funds which isn't always possible with employer schemes and you can make additional contributions with spare money. Transferring most pensions is quick and free but you need to check on any exit penalties.
Always take as much free money as possible from current employer schemes. My current one is pretty good - I put in 7% and they contribute 10% but with the tax saving it effectively only costs me 5%.
Edinburgh Black Cat
Striker
42
Striker
Not really. Withdrew a bit last year. Couple of days for sale to go through, then a couple of days for BACS payment to hit my bank account.
I've had a couple of minor issues when they've had IT problems taking debit card payments, but were quickly resolved. Any changes to direct debit need plenty of notice which I've fell foul of, but that was naivety on my part.
Were the reviews UK or US ones?
THELORDRODWELL
Striker
Delivero(ip)o
Vinyl Score
Midfield
Halifax SIPP annual fees are £90 up to 50K fund & £180 over 50K fund which is at worst 0.36% (if I got my maths right). Most pensions charge between 0.5 & 1%?
The business model of Deliverpoo is fundamentally immoral IMO (shite food served to lazy fatties by lowwage-slaves), so I'm glad it has not soared, although probably will knowing the grea' bri'ish public.
This is my problem with most new businesses, they usually look like crap that no-one needs or should even want. I just don't have the rabid consumer-polluter mindset.
Cornish Metals, CUSN, maybe worth a punt? Copper/Tin likely to be found in profitable amounts?
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Oily Oily Oily
Central Defender
42
Striker
H&L charge 0.45%. Vanguard charge 0.15%
If you are just going to set up a DD once a month in a ready made fund & forget about it until retirement, then I'd go for vanguard.
If you're wanting to get more involved taking punts on more specific markets & that, then H&L will be better with the greater choice.
toxic tracksuit
Central Defender
Good to hear it!You were wrong dude...
DLR increased 4.5 fold
& you were spot on with Halma
It's a shame I didn't buy any
I did join in with OO though& I guess I will buy Touchstone (at my own risk)
Orph up about 15% this week alone. Since I first got in about a year ago it is up 400%. I even loaded the bairn's JISA with Orph shares.
One other to keep an eye on is TTG. They manufacture a covid rapid test machine that was supposed to launch in November 20, but has only just been given UK approval. I have a hunch they will be used in airports to support travel and if so their SP will jump. All ifs and maybes.
Orph has been very interesting to read up on. Thanks for the tip.
Darlo1973
Striker
Just watch out that HL are quite expensive for buying individual shares as a one off though they are reasonable value for monthly direct debut purchases but that is limited to the FTSE350.
HL are probably a good choice for a novice as their website is easy to use and their online/telephone support is excellent. If you know what you are doing then there are probably better or cheaper choices. I also have a Freetrade account for more speculative punts but I don't think I'd trust them with my life savings.
Edinburgh Black Cat
Striker
Depends whether a LISA is of interest too. HL do one, not sure if Vanguard do.
I need to get my head round all elements of the costs tbh, they're not the moat transparent.
My L&G funds (passive) cost around 0.1% to 0.2% which is cheap enough. Not sure what additional fees there.
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42
Striker
Aye, there is that. Vanguard dont do LISA's
Select coaches
Winger
I think they say as a general rule if your fund is over 50-60k look for the cheapest fixed fee costs. If it is under that look for the cheapest percentage fees. Obviously that is a broad rule of thumb.
I was told recently that Deliveroo have colleague engagement better than 90% as most of the delivery people are students and other people only available for a few hours a week so the ability to work as flexibly as they do has a higher value to them than sick days, pensions etc.
Oily Oily Oily
Central Defender
toxic tracksuit
Central Defender
Yes. The CEO is excellent and very straightforward.
Darlo1973
Striker
That’s what I’m wanting to do, just a monthly payment and sort of forget about it. Think I will look at setting vanguard up
A Vanguard ISA + a monthly direct debit to the LifeStratergy 80 or 100 fund would be a good place to start. I think I began investing with £50 a month then increased it over the years as and when I could afford it.
