Standard Life to put SIPP charges up by 4% because of RPI

[minestrone]

Just had a nice letter from them where they informing me that my SIPP charges are going up by 4% because of RPI.

I never knew I was trading on the 'basket of goods' market.

Fookin chancers.

[Troll]

As a share holder in SL I can only condone this

[minestrone]

As a share holder in SL I can only condone this

I have done a few tours of SL and it is not pretty.

[Troll]

I have done a few tours of SL and it is not pretty.

you saying I should sell?

[AtW]

you saying I should sell?

Unlikely since he is probably not licensed by the FSA to give such advice.

[centurian]

So they will happily put it back down again when RPI drops, will they

So you are getting hammered by

1. Your growth is being eroded by inflation
2. Growth rates are tulip anyway
3. They now want a bigger chunk of a barely increasing pot



Edit : What are the "charges" anyway. Are they referring to the fund management (i.e. commission) charge.

Isn't that a percentage anyway. So if your pot inflates by at least inflation - it should do - they surely they will automatically receive an inflation based increase anyway.