Barclays Stockbrokers cuts SIPP charge

clock

Barclays Stockbrokers has cut the charge on its self-invested personal pension (SIPP) just weeks after revealing its clean pricing structure.

New and existing SIPP investors will be charged an administration fee of £155 plus VAT per annum, reflecting a 23% discount on the previous charge of £200. This administration fee comprises of a £30 investment account charge payable to Barclays Stockbrokers and a wrapper fee of £125 plus VAT which is paid on to the administrator, AJ Bell. Barclays Stockbrokers will continue to waive its SIPP administration fee if a client is fully invested in funds. RDR opportunity Barclays Stockbrokers director Alastair Thaw said: "The Retail Distribution Review has provided us with an opportun...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform innovation: Terry Huddart on Abrdn's Cash Solution

Platform innovation: Terry Huddart on Abrdn's Cash Solution

'I see this as another positive market development'

Terry Huddart
clock 27 February 2025 • 5 min read
LV= expands adviser investment options with Embark partnership

LV= expands adviser investment options with Embark partnership

Builds on adviser support with smoothed managed funds and digital integration

Sahar Nazir
clock 17 February 2025 • 2 min read
Abrdn Adviser makes trio of price reductions on Wrap platform

Abrdn Adviser makes trio of price reductions on Wrap platform

Moving towards a ‘more simplified charging structure’

Isabel Baxter
clock 17 February 2025 • 2 min read