Image
feature
Other Candid sites

Candid Financial Advice
Financial advice for a fraction of the usual cost.

Compare Fund Platforms
The UK's only fund platform comparison site for private investors.

Rating Key
RatingMeaning
11 StarAwful
21 StarPoor
31 StarOk
41 StarGood
51 StarExceptional

If you wish to select a different choice:



User Reviews for Bestinvest: Select SIPP

Type of service: Pension (SIPP)

Service Rating
1.3
Value Rating
1.3
Overall Rating
1.0
Recommend?
0%


Sort by:
Sort order:

Review by smudger submitted on 27 February 2015

Likes: None really

Dislikes: Exit charges on Low cost SIPP seem well hidden and very high. Customer service not impressive

Service Rating:
Value Rating:
Overall Rating:
Recommended?

I took out a 'Low cost' SIPP with BestInvest in 2014, and had a fund of just under £10000 invested in cash .

When I came to sell the fund the landed me with £400 in charges, that seemed mostly 'hidden' in the T&C's. e.g Calculation of income benefits £100), Annual charge for income payments £100), ad hoc income payments (£25), account closure payment (£125). Their wording of charges seems very well hidden and designed to confuse.

In addition they paid out about 25% of my amount in just over a week, but they told me I would have to wait for 7 weeks for the balance because I had missed a 'cut off' date that they don't seem to mention in their sales literature.

In summary 1) I don't tghink they are really low cost 2) it can take ages to get your money out of the SIPP 3) I think their sales literature seems misleading on charges


Review by yashvir submitted on 16 February 2014

Likes: none

Dislikes: they know how to rip you off with above average charges they also give you a kick up the back side when you leave them with rip off exit charges

Service Rating:
Value Rating:
Overall Rating:
Recommended?


Review by yashvir submitted on 16 February 2014

Likes: none

Dislikes: they know how to rip you off with above average charges they also give you a kick up the back side when you leave them with rip off exit charges

Service Rating:
Value Rating:
Overall Rating:
Recommended?


« First ‹ Previous 1 Next › Last » 

Please Note: We display user reviews in good faith and cannot guarantee their authenticity. Never choose providers or products on the basis of these user reviews alone. All information and data shown is as at the date of the review.