Assessing the true cost of your SIPP provider

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Martin Tilley urges advisers to look beyond headline fees when assessing SIPP providers.

Past selection of a self-invested personal pension (SIPP) provider was often as simple as finding the lowest charging provider who could transact the job at hand. The "cost" as seen by the client was low and that made for a satisfied client. Happily, selection of a SIPP provider on the basis of costs alone is now a thing of the past as independent financial advisers (IFAs) understand that numerous other factors can have a significant bearing on what makes a good SIPP provider and a long term partner for them and their clients. But while the emphasis is moving away from headline costs, an...

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