Expert VerifiedEvestor SIPP Review (2025): Key Facts Inside!
- Last Updated: 05 Aug 2025
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Key Takeaways
- Evestor SIPP provides a cost-effective solution for consolidating retirement savings and managing investment choices, allowing you to enjoy low fees with transparent and competitive pricing to maximise your investment returns.
- Benefit from low-cost, diversified investment options that align with your risk preferences and tailored investment strategies to meet your specific retirement goals and risk tolerance.
- Experience a user-friendly platform with personalised investment advice, distinguishing Evestor SIPP from other providers.
If you find yourself wondering whether the Evestor SIPP is still an option, you probably are not alone, as the fast-paced world of UK pensions can be hard to keep up with.
Known for its user-friendly interface and diverse investment choices, this SIPPs provider may be perfect for those wanting a hands-on approach to retirement planning—but is it still available?
In This Article, You Will Discover:
The EveryInvestor team has sifted through news reports and industry publications to bring you all the information you might need to start your retirement planning.
All our content is checked for quality and compliance before publication so we can be sure to present only the most relevant news to you.
What Is a SIPP?
The Self-Invested Personal Pension (SIPP) is a pension framework in the UK, tailored for individuals seeking enhanced management over their retirement assets.
It enables the selection and oversight of a broad assortment of investment options—spanning equities, bonds, and real estate—within the confines of one's pension scheme.
What Is an Equity Release Scheme and How Does It Work in the UK?
An equity release scheme is a financial product that allows homeowners in the UK who are aged 55 or older to unlock the value of their property without having to sell it.
It works by providing homeowners with a lump sum or regular income, while the ownership of the property is retained.
This scheme is typically repaid when the homeowner passes away or moves into long-term care, with the loan amount and accrued interest being repaid from the proceeds of the property sale.
The unique aspect of equity release schemes is that they provide a way for older homeowners to access the equity tied up in their property, providing them with financial flexibility and the ability to enjoy their retirement.
Equity release schemes in the UK work by allowing eligible homeowners to convert a portion of their property's value into tax-free cash or regular income.
These schemes are designed to provide financial support to older individuals who may have limited retirement savings but own a property.
The unique aspect of equity release is that it enables homeowners to access the value of their property without having to move or sell it.
Instead, they can choose to receive a lump sum or opt for regular payments, while still retaining ownership.
The loan is repaid when the homeowner passes away or moves into long-term care, with the property being sold to repay the loan.
This allows homeowners to enjoy their retirement and meet their financial needs while staying in their own home.
Is the Evestor SIPP Still Available?
The Evestor SIPP is not available anymore, as the firm it is a trading name of, Openmoney, has wound down.
Evestor’s clients have been taken over by Octopus Money.1
Who Is Eligible to Open an Evestor SIPP?
No one is eligible to open an Evestor SIPP, as the company is no longer trading and its clients have been transferred to Octopus Money.2
Normally, UK residents over the age of 18 can open a SIPP.
Regulatory Details
The Financial Conduct Authority (FCA) regulated Evestor in the UK, and the firm is still registered there.3
Common Questions
Accessibility:
Evestor aims to make investing accessible to everyone, regardless of experience or wealth, making it an attractive option for first-time investors and those looking for a simple way to start their retirement planning.
Low Costs:
One of Evestor’s key selling points is its commitment to low fees, which can help maximize the growth of your retirement savings over time.
Simplified Investment Choices:
Evestor provides a range of pre-selected investment portfolios that are diversified across asset classes and geographic regions, designed to suit different risk appetites and investment goals.
Transparent Fee Structure:
Evestor is known for its transparent and competitive fee structure, which typically includes a low annual management charge and no hidden costs.
This fee covers the management of the SIPP and the underlying investments.
No Transaction Fees:
Evestor usually does not charge additional fees for buying or selling investments within the SIPP, making it cost-effective for investors who wish to adjust their portfolios over time.
Automated Portfolio Management:
Evestor’s robo-advice platform manages your investments on your behalf, automatically rebalancing your portfolio to ensure it remains aligned with your chosen risk level and investment goals.
Ease of Use:
The platform’s simplicity and intuitive design make it easy for investors to set up and manage their SIPP, track performance, and make contributions.
Pre-defined Portfolios:
While Evestor offers pre-defined portfolios rather than the ability to select individual stocks or funds, these portfolios are designed to cater to a broad range of investment strategies, from conservative to aggressive growth.
Personalization:
Investors can choose a portfolio that matches their risk tolerance and investment time horizon, providing a level of customization within the framework of Evestor’s investment approach.
Focus on Simplicity and Cost-effectiveness:
Evestor’s straightforward approach, combined with its focus on keeping costs low, makes it an appealing option for those new to investing or looking for an uncomplicated way to save for retirement.
Robo-Advice Model:
The use of robo-advice technology to manage portfolios offers a modern, efficient way to invest, appealing to tech-savvy investors and those who prefer a hands-off approach to their retirement planning.
Educational Resources:
Evestor provides educational content to help investors understand the basics of investing and retirement planning, empowering them to make informed decisions.
Check Out: Organon SIPPs Review
You cannot transfer your existing pension into an Evestor SIPP any more, as this product is no longer being sold.
Existing Evestor clients should contact Octopus Money to find out how to access their SIPP accounts.
No, your employer cannot pay into your Evestor SIPP, as this product is not being sold any more.
In Conclusion
When weighing up your retirement investment options, the importance of doing thorough research cannot be understated.
It is crucial to ask yourself whether a particular retirement solution aligns with your unique investment goals, risk tolerance, and fee expectations.
Before making any commitments, talking to a qualified financial adviser can offer invaluable insights and save you from potential pitfalls.
While the Evestor SIPP is no longer an option, a qualified advisor will be able to assess your needs and recommend solutions currently on the market.
- Personalised Guidance: Speak with a friendly UK expert.Friendly Support: Speak with a UK expert.
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