Facing extinction?

Self-invested personal pensions (SIPPs) are becoming the pension of choice for many. So what does this mean for more traditional style personal pensions? To answer this, we need to look at the parallel development of personal pensions and SIPPs to see how both products have developed to meet today's customer needs and those of the future. Personal pensions were first marketed to individuals in the late eighties and early nineties when the Conservative government allowed individuals to contract out part of the state pension system and make their own pension arrangements. The theory being c...