Is my pension safe with Hargreaves Lansdown?
We’re a secure FTSE 100 company trusted by over one million clients and we’re regulated by the FCA. Any cash you decide to hold in your HL Self Invested Personal Pension (SIPP) is held by us in trust and it’s kept separate from our own funds.
Does Hargreaves Lansdown charge monthly?
Each month we’ll automatically take charges from cash in your account. If there’s not enough cash in your account, we’ll sell some of your investments to cover charges. To sell shares, we’ll charge £1.50 per deal. There is no charge to sell funds.
Will Hargreaves Lansdown reduce fees?
Hargreaves Lansdown is to cut the fees on its investment funds as more money is poured into them. Between April and June, the 0.75 per cent annual management charge will drop on a sliding scale for every £1 billion added to the funds. The maximum saving will be 0.15 percentage points when a fund reaches £3 billion.
Can I transfer my defined benefit pension to Hargreaves Lansdown?
If you’re part of a defined-benefit (DB) pension, such as a ‘final salary’ scheme, transferring your pension to a personal plan is probably not in your best interest. If your pension is transferred as it is (invested in the stock market), your provider will transfer each investment and any cash to your HL SIPP.
How do I set up monthly payments on Hargreaves Lansdown?
Click on the ‘Monthly savings’ tab followed by the link ‘Start a regular savings plan in this account now’. Once you have followed this link you will see an ‘Add Fund’ button which if you select it will provide you with an option to select a fund manager from the drop-down menu.
Do Hargreaves Lansdown charge too much?
Fees and services Hargreaves Lansdown has a reputation for being expensive compared to the other platforms and on the face of it, this is true. For UK and overseas shares, investment trusts, exchange-traded funds, VCTs, gilts and bonds, the fee is 0.45%, capped at £45 per year.
Can I move my final salary pension?
Yes, you can transfer your final salary pension to a SIPP. In fact, a SIPP is one of three investment vehicles you must transfer your final salary pension to if you do go ahead, with the other two being: A personal or stakeholder pension. Pension scheme with another employer.