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iWeb SIPP: New Administrator
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Evies Dad
Posted: 26 February 2025 10:19:23(UTC)
#11

Joined: 26/11/2019(UTC)
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I recently transferred my SIPP from iWeb to ii about a week before this announcement. Main reason for swithching was that the iWeb charges for drawdown used to annoy me, but I see that they are doing away with these under their new administrator.

The carrot of £500 cashback from ii also helped. The transfer process went smoothly and the cashback was paid as soon as the transfer completed.
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dlp6666 on 26/02/2025(UTC)
Bob Macondale
Posted: 26 February 2025 16:42:02(UTC)
#12

Joined: 24/03/2018(UTC)
Posts: 60
Evies Dad;335825 wrote:
I recently transferred my SIPP from iWeb to ii about a week before this announcement. Main reason for swithching was that the iWeb charges for drawdown used to annoy me, but I see that they are doing away with these under their new administrator.

The carrot of £500 cashback from ii also helped. The transfer process went smoothly and the cashback was paid as soon as the transfer completed.


Evies, Can I ask, were you in a monthly drawdown when you moved your sipp and if yes, did you have to pause your payments whilst the transfer was happening. Also, how long did the transfer take ? Thanks.
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Evies Dad
Posted: 01 March 2025 15:45:29(UTC)
#13

Joined: 26/11/2019(UTC)
Posts: 123

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Bob Macondale;335861 wrote:
Evies Dad;335825 wrote:
I recently transferred my SIPP from iWeb to ii about a week before this announcement. Main reason for swithching was that the iWeb charges for drawdown used to annoy me, but I see that they are doing away with these under their new administrator.

The carrot of £500 cashback from ii also helped. The transfer process went smoothly and the cashback was paid as soon as the transfer completed.


Evies, Can I ask, were you in a monthly drawdown when you moved your sipp and if yes, did you have to pause your payments whilst the transfer was happening. Also, how long did the transfer take ? Thanks.


Apologies for the late reply. I use UFPLS for drawdown and not Flexi Access and so can't advise regarding what would happen with regular payments during the transfer process.Sorry.
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Robin B
Posted: 10 March 2025 14:22:05(UTC)
#14

Joined: 01/04/2024(UTC)
Posts: 1,521
So if I choose to stay with iweb, then after this month, I won't pay any SIPP administration fees until November 2028. And I will just be staying as I am and using the same old interface I am familiar with. This is tempting.

Any thoughts on why AJ Bell might be worth transferring to?
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Keith Cobby
Posted: 10 March 2025 16:24:31(UTC)
#15

Joined: 07/03/2012(UTC)
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My son has his JSIPP with AJ and this will move to a (adult) SIPP this Summer, so I shall then be running on 3 platforms instead of 4 (and down from 5 last year).
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Robin B on 10/03/2025(UTC)
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