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How does the PRU fare as a SIPP provider?

26 October 2021

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Question by Ron

How does the PRU fare as a SIPP provider?


Answered by Luke James

Hi Ron,

Prudential is one of the biggest providers in the world and is very well known. This is good because they are not likely to go anywhere as they have such a large amount of assets. Historically I have always had good experiences with Prudential. However, they can be quite expensive compared to others on the market. Their range of funds have a good history but are also quite expensive.

We have also had some issues with some of our clients over the past year where it has taken quite a long time to withdraw money. Some of this may be due to Covid but they seem to have taken longer to get their customer service standards back to where they were before.

So I would say they are good but there are better options available.

Thanks
Luke James

Independent Financial Adviser

Answered by

Luke James

Independent Financial Adviser

I like to think that I am a bit different compared to most other financial advisers. I like to help people achieve their life goals, whether that be retiring early, buying a new car or helping your kids through university. That is what is most important to me and to most of the people that I meet. Money is just a way to get there!