Kepler Trust Intelligence publishes ranking of the best SIPP providers

Kepler Trust Intelligence, the UK’s leading source of investment trust research for private investors, has published its ranking of the best Self-Invested Personal Pension (SIPP) providers for UK investors.

Kepler Trust Intelligence has considered a variety of factors in its analysis of providers, including whether providers charge competitive trading and platform fees, offer a wide range of investment options and provide high quality customer support.

Fees are often the most important component for investors as they can significantly erode the value of portfolios over time. The below table summarises our indicative fee calculations by provider, with the cheapest in green and the most expensive in red.

Jo Groves, Investment Specialist at Kepler Partners, commented, “Choosing the best SIPP provider can make a significant difference to individual retirement savings, particularly in terms of maximising the value of your portfolio and minimising fees. Over the long term, even small differences in fees can reduce the value of a portfolio by thousands of pounds – the difference between a flat fee and a 1% platform fee could be £150,000 over a 30-year period. It’s worth carefully weighing up the pros and cons of different pension providers to find the best option to meet your needs.” 

Winners

Best all-rounder: interactive investor (ii)

interactive investor (ii), owned by aberdeen, has over 430,000 clients and offers a wide range of more than 40,000 investment options. It is one of the few platforms with a flat (rather than percentage-based) platform fee, making it a particularly cost-effective option for investors with higher-value portfolios, as well as more frequent traders due to its low trading fees. Overall, interactive investor is an excellent all-rounder with a wide range of investment options and is a particularly cost-effective option for investors with high-value portfolios.

Best for customer service: AJ Bell

AJ Bell is a FTSE 250 company with over 540,000 clients and offers a broad choice of more than 22,000 investments. In terms of fees, AJ Bell has one of the lowest platform fees amongst the mainstream providers both by percentage and tier value, being 0.25% on the first £250,000, 0.1% on the next £250,000 and no fee over £500,000, as well as a competitive trading fee. A high customer service score may also be a draw for customers, scoring 4.8 on Trustpilot, the highest out of the providers in Kepler’s ranking. Overall, AJ Bell may appeal to customers looking for a high level of customer service, as well as competitive fees and the second-highest range of investment options among our group.

Overall rankings

Find more detail on the rankings and methodology here.