SIPP Platforms - best tools?

Saturday, Jan 26 2019 by

I currently have vanilla defined contribution pension with Aviva through work, but looking to transfer to a SIPP provider to take more control of my pension. Looking to invest in ETFs mainly.

What I'm most interested in when choosing a platform is the reporting, data, and ease of use. Fees are a bit less important to me.

Anyone have a great SIPP platform recommendation? One that has good performance reporting and portfolio analysis tools?

Looking at the big players like Hargreaves Lansdown, AJ Bell, Interactive Investor, IG, etc.

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As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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2 Posts on this Thread show/hide all

cig 26th Jan 1 of 2
1

If brokers showed clients a clear view of their performance, the clients could realise they’d be better off not trading, which is not good for business, so you usually don’t get tools beyond running PNL, which is not very useful and reinforces natural cognitive biases.

On data, you often get a rebranded third party service like Morningstar, which is only moderately useful compared to going to the source directly. I wouldn’t bother and use separate services for brokerage and data/analytics. For ETFs, if you bear using USD proxies etfreplay.com is pretty nice.

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gus 1065 27th Jan 2 of 2
1

If you’re looking to compare fund platforms, you might find the attached website of use.

http://www.comparefundplatforms.com

Not least, you can run various scenarios on the type of features you need and levels of activity and see the implications on cost etc.. I migrated several pension pots into a single pot with Fidelity a couple of years ago. Main drawback was it was funds (not individual shares) only, but share dealing is being introduced at the moment. Admin and cost are pretty good and a reasonable spread of analytics although the website is a bit clunky and not as user friendly as e.g. Stocko. Portfolio analysis tools are pretty good when you get used to them.

Gus.

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