Penfold Pension

[xenomorph]

Hi all
Anyone had experience with Penfold Pension?
They are meant to be a self employed specialist but also can accept ltd company directors or employees.

[Fred Bloggs]

Hi all
Anyone had experience with Penfold Pension?
They are meant to be a self employed specialist but also can accept ltd company directors or employees.

Who?

Just use AJ Bell or Interactive Investor. No need for a self proclaimed "specialist" who will likely skin you for charges.

[xenomorph]

Who?

Just use AJ Bell or Interactive Investor. No need for a self proclaimed "specialist" who will likely skin you for charges.

looked at II but fees seem to be quite high if your current SIPP value is low.
Penfold charge 0.25% per year of your SIPP value.

[SueEllen]

looked at II but fees seem to be quite high if your current SIPP value is low.
Penfold charge 0.25% per year of your SIPP value.

Your SIPP value won't remain low for ever.

[Fred Bloggs]

looked at II but fees seem to be quite high if your current SIPP value is low.
Penfold charge 0.25% per year of your SIPP value.

Then go with AJ Bell (0.25%) and transfer to II (flat rate) at the break even point which is around £100k presently, IIRC. Myself, I see absolutely zero reason to go outside of the main stream retail platforms. Safety in numbers.

[xenomorph]

Then go with AJ Bell (0.25%) and transfer to II (flat rate) at the break even point which is around £100k presently, IIRC. Myself, I see absolutely zero reason to go outside of the main stream retail platforms. Safety in numbers.

does AJBell do similar to vanguard tracker funds?

[northernladuk]

Hi all
Anyone had experience with Penfold Pension?
They are meant to be a self employed specialist but also can accept ltd company directors or employees.

Have you asked Danger Mouse?

[Lance]

Agree with what other say.
The only problem with II is the identity proof they want. I cannot be arsed to go to a post office to validate my identity. Although as the fund gets larger I'll find some motivation.
I'm still with Hargreaves Lansdown, and they are fine other than I've just passed the threshold where II would cost less.

[xenomorph]

Have you asked Danger Mouse?

nope

[SuperLooper]

I took a look at Penfold when they popped up in the Starling marketplace. I liked the fact it was a near-instantaneous online signup process, so I signed up. I'll keep my existing pension going while I see how Penfold works out over the next few months.