HSBC is one of the world’s largest banking and financial services organisations, serving more than 40 million customers through its global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. Its network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.
SIPP
HSBC has partnered with Fidelity Funds Network to launch a new self-invested personal pension (SIPP), which gives customers a choice of funds to invest in, including seven HSBC world selection multi-asset funds, two HSBC sustainable multi-asset funds and five third-party multi asset funds. Fidelity’s flexible, award-winning SIPP is a great way to save for retirement with significant tax benefits. You choose what to invest in and when, and can contribute in lump sums or with a regular savings plan. Contributions you make are boosted by the government: for every £80 you invest the HMRC adds £20.
Other Services
HSBC offers a large range of financial services including Wealth, Investments and Personal Banking, Commercial Banking, Global Banking, Markets and Property and Family Insurance.
HSBC Reviews and Ratings
Online reviews for HSBC are very poor with the majority of reviewers noting poor customer service and frustration at being placed on hold for long periods. There are also many complaints about online services not functioning properly.
Trust Pilot – 1.4/5 (based on 3660 reviews)
Reviews.io – 1.4/5 (based on 422 reviews)
Pros
- Thousands of funds and shares to choose from
- Low cost admin fees
- Flexible retirement options
- A trusted brand with many years of expert guidance including insights and investment tools
- Award-winning: Best Buy 2020, Moneywise Pension Awards 2019
Cons
- Very poor record of customer service
- Complaints about online services not functioning properly
- A very large, overwhelming website
- Product information hard to digest and understand
Website: HSBC