Transferring pensions between different providers can sometimes take a few weeks – which can be frustrating if it means being sidelined from the market over that period. But did you know that you can get around that by simply re-registering your existing Vanguard fund holdings to us?
Also known as an in-specie transfer, this re-registering process allows you to transfer Vanguard funds you already own elsewhere directly into your Vanguard Personal Pension and not have to sell them first. By doing this, the number of fund units you hold, the price you bought them at, and the profits you may have accumulated over time all remain the same. All that changes is that your funds are moved to our account, where you can benefit from:
- A low account fee of just 0.15% a year capped at £375. This cap applies across all the accounts you may hold on the Vanguard Personal Investor platform – not just your self-invested personal pension (SIPP) but also your individual savings account (ISA) and general account.
- Access to 78 high-quality, low-cost broadly diversified funds and exchange traded funds (ETFs), including Vanguard's Target Retirement Fund and LifeStrategy ranges.
- No hidden investing charges.
- The peace of mind that comes with knowing your money is invested with a company that is not only a Which? Recommended Provider for its investment platform but also for its SIPP.
Transferring into a low-cost SIPP has, literally, never been easier.
There will be exceptions. As with other providers, funds held in a workplace pension, for example, can’t be re-registered in this way, even if they show as a Vanguard fund. Unfortunately, this is down to the structure of a workplace pension; while they may appear to be the same, they are in fact different funds.
Most Vanguard funds held on other retail investment platforms, though, can be re-registered – and with a SIPP account fee of just 0.15% per year, it’s easy to see why investors might want to make the move. If you already appreciate the benefits of investing in low-cost funds, you’ll like what a low-cost SIPP can do for you too.
All non-Vanguard investments still have to be sold down into cash before being transferred to Vanguard and re-invested in our wide range of funds – assuming, that is, they haven’t already been re-invested into Vanguard funds ahead of a transfer.
Investment risk information
Eligibility to invest in a Vanguard Personal Pension depends on your individual circumstances. Please be aware that pension and tax rules may change in the future and the value of investments can go down as well as up, so you might get back less than you invested. You cannot usually access your pension savings or make any withdrawals until the age of 55.
If you are not sure of the suitability or appropriateness of any investment, product or service you should consult an authorised financial adviser. Please note this may incur a charge.
Your pension transfer will be sent to us as cash. During this period you will be out of the market (not invested) so you could miss out on any increase in the value of your pension fund should the market rise.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Other important information
This article is designed for use by, and is directed only at persons resident in the UK.
The information contained in this document is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information in this document does not constitute legal, tax, or investment advice. You must not, therefore, rely on the content of this document when making any investment decisions.
Vanguard Asset Management, Limited only gives information on products and services and does not give investment advice based on individual circumstances. If you have any questions related to your investment decision or the suitability or appropriateness for you of the products described in this article, please contact your financial adviser.
Issued by Vanguard Asset Management, Limited which is authorised and regulated in the UK by the Financial Conduct Authority.
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