Bringing you live news and features since 2006 

Tilney Bestinvest cuts cost of multi-asset SIPP investing


Tilney Bestinvest has removed the service fee on its “Best SIPP” available through its Online Investment Service for those investing in the firm’s “Ready-made Portfolios”.

This will see the removal of the SIPP’s account fee, which has a starting tier of 0.3 per cent for balances up to GBP250,000, leaving only the fund charges. The new “fee-free SIPP” structure will apply to both existing and new self-directed investors in the Ready-made Portfolios.
The firm offers four multi-asset Ready-made Portfolios, each of which has a different risk profile and which are typically invested in 20 underlying funds selected by Tilney Bestinvest’s research team. The Ready-made Portfolios are regularly reviewed and rebalanced in accordance with Tilney Bestinvest’s asset allocation views and to ensure the portfolios remain consistent with their risk profile. The Ready-Made Portfolios are benchmarked against ARC (Asset Risk Consultants) Private Client Index. All four funds have outperformed their ARC indices over one, three and five years.
Jason Hollands (pictured), Managing Director at Tilney Bestinvest, says: “Removing the SIPP account fee represents a considerable overall cost saving and narrows the fee gap between managing and selecting your own investments and opting for a well-diversified, constantly monitored and professionally managed portfolio. While some investors enjoy running their own portfolios, many others find they neither have the time nor inclination to do so but cost has been a key deterrent to choosing a managed portfolio. We believe the new “fee-free SIPP” deal on our Ready-made Portfolios should help them square this circle and importantly the underlying investments are not restricted to index trackers, so there is no dumbing down of the investment content.”
In addition, for investors transferring to the Best SIPP, Tilney Bestinvest will also pay up to GBP500 towards meeting any exits costs from existing providers, whether or not the investors selects the Ready-made Portfolios or makes their own fund selections.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by