Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Barclays slashes Sipp charges

Barclays slashes Sipp charges

Barclays Stockbrokers has reduced the administration charge it imposes on self-invested personal pensions (Sipp) from £200 to £155.

Of the £155 plus VAT, £125 goes to AJ Bell with the remainder retained by Barclays. The fee is waived only if investors hold funds from the Barclays Stockbrokers Funds Market in their Sipp.

Among Barclays’ competitors, Hargreaves Lansdown runs a tiered charging structure, which begins at 0.45% for the first £250,000 in the Sipp. Fidelity’s service charge is 0.35% on the first £250,000.

In late January Barclays revealed it had secured an average annual management charge of 0.68% on 2,000 funds, compared with 0.64% for funds on Fidelity’s Select List of approximately 140 products and 0.65% for the Hargreaves Wealth 150 list.

Leave a comment
Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter