Why do MSE say the following:
However, it’s generally recommended that you should have an existing pension fund of around £50,000 to transfer in, or be able to contribute several thousand pounds a year.
I fall in neither of the brackets above but definitely recognise the value of a SIPP.
Is it because of the traditionally higher fees SIPP providers charge?
Does anyone know what the monthly SIPP charge will be for the few “plus for life” /Alpha early investors?
I cant find it on the app
fingers x’d
Should be £7/month, just like any other plus member
I assumed £7 a month. Would be a nice surprise if it is free, but they do have to make money somehow.
Im all for them making money!
I lose track of what Alpha or Plus mean
Sam, as SIPP accounts contain lockup tax-free money (gross income + dividends + capital gains/losses) we cannot touch for years (until retirement), it would make more sense for monthly charges to be debited from inside the SIPP just as Interactive Investors do instead of debiting charges from accounts outside the SIPP. Are you planning this option?
Anyone knows what’s the current wait time is from the sign-up to invitation?
Need to open SIPP this tax year and not sure if I get it on time.
I agree
I also agree that charging from within the SIPP makes most sense, though I am not sure how this would work in practice.
Perhaps FT could offer users the option to set the preferred payment method for SIPPs (& ISAs ideally) to be taken from uninvested cash, falling back to the debit card on insufficient funds?
Got my illustration number through today.
Number 41,XXX.
Not sure if each illustration number is a customer, but if so then 41,000 is unreal, and I got my invite to transfer early last week, so will be much higher now
Where did you find this out?
I had a notification and was able to download a document within the app.
OK 
I woke up to a notification today but haven’t seen anything in app
Will take another look
Have a look in the ‘activity’ section. It wasn’t obvious until I started looking for it
Ah yes brill, thanks for that
What is an illustration number?
I got a notification about the illustration but when I go to the activity feed nothing is there. Potential bug? (Android)
The illustration is to give you an idea of how your pension may look when you withdraw it, based on the value you’ve got in there. I’m assuming the illustration number is essentially your ‘account’ number.
Make sure you are in your Sipp account…
Doh! Thanks.