Review of Baker Tilly


Rated 1 out of 5 stars

SIPP transfer glacially slow

I have a SIPP that is managed by Baker Tilly in the Isle of Man. In the current financial climate I have not been happy with the fees that they take or with the charges of the financial platform, where the SIPP is invested. Therefore on the 8th December 2022 I completed forms with another UK financial provider to transfer the SIPP out of the Isle of Man. They must have contacted Baker Tilly before the end of 2022 as I received a Baker Tilly form to complete on the 18th Jan 2023 which I duly did and sent back to them. Since then I have been waiting for the transfer in specie to be completed. I have received conflicting information as to whether it is Baker Tilly or the financial platform who is at fault but neither seem willing to complete this transfer as they taking money out of my pension to pay themselves for doing nothing. It appears that there is little financial protection in the Isle of Man for individuals so all I can do is keep sending angry emails to the companies concerned. My advice would be to steer well clear of the Isle of Man if you want to invest. I have transferred other significant investments with other institutions and this has taken two weeks at most so I do not understand why this has taken coming up to 7 months.

June 30, 2023
Unprompted review
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