Tilney Bestinvest slashes the cost of multi-asset SIPP investing

04 February 2016

Tilney Bestinvest slashes the cost of multi-asset SIPP investing
Removes SIPP service fee of 0.3% on Ready-made Portfolios

Tilney Bestinvest announces the removal of the service fee on its award-winning “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% for balances up to £250,000, 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.

Jason Hollands, Managing Director at Tilney Bestinvest, explained:

“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 £500 towards meeting any exits costs from existing providers, whether or not the investors selects the Ready-made Portfolios or makes their own fund selections*.


*Exit fees may apply if you close your Best SIPP.

Important information

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. Current or past yield figures provided should not be considered a reliable indicator of future performance.

This article is not advice to invest or to use our services.

SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you.

Self-directed investors should regularly review their SIPP portfolio, or seek professional advice, to ensure that the underlying investments remain in line with their pension objectives.

Before opening a fee-free Best SIPP you should make sure that our Ready-made Portfolios meet your needs and objectives. You should also bear in mind that other investments may have lower fees, and it may also be cheaper to choose your own investments – which the Best SIPP lets you do.

Press contacts:

Jason Hollands
0207 189 9919 / 07768 661 382

Gillian Kyle
0203 818 6846 / 07989 650 604

About Tilney Bestinvest

Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than £9 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.

We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.

We have won numerous awards including UK Wealth Manager of the Year, Low-cost SIPP Provider of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.

Headquartered in Mayfair, London, Tilney Bestinvest employs over 400 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.

The Tilney Bestinvest Group of Companies comprises the firms Bestinvest (Brokers) Ltd (Reg. No. 2830297), Tilney Investment Management (Reg. No. 02010520), Bestinvest (Consultants) Ltd (Reg. No. 1550116) and HW Financial Services Ltd (Reg. No. 02030706) all of which are authorised and regulated by the Financial Conduct Authority. Registered office: 6 Chesterfield Gardens, Mayfair, W1J 5BQ.

For further information, please visit: www.tilneybestinvest.co.uk

About Tilney

Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years.  Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.

We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.

Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.