Charlotte Moore reports on what the future holds for SIPPs.
It is a well known but often unacknowledged truth that people are happy when they feel in control of their lives. This is just as true for the prosaic world of pensions as it is for other aspects of our lives. Providers of self-invested personal pensions (SIPPs) say the reason they are so popular is precisely because they fill this universal need: they put investors in charge of their finances. Laith Khalaf, pensions analyst at Hargreaves Lansdown, says: “The fundamental principle of a SIPP is it gives you control over your retirement plans. People no longer trust the state or their e...
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