Wealth Manager - the site for professional investment managers

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!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter