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
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter