Taking a Sipp

Since their introduction in 1989, the market for self-invested personal pensions (Sipps) has grown rapidly, and we believe the pace of this is only likely to increase in future years. The recent Equitable Life debacle has highlighted the risks associated with personal pensions, where the individual is tied to a single provider for the term of his or her pension. In contrast, a Sipp provides the flexibility to select a fund manager or selection of managers, together with a tailored investment strategy. Furthermore, if the beneficiary's circumstances change, or the manager does not...