SIPP investors urged to consider co-trusteeship

The firms claims that investors who become a co-trustee benefit from added protection in the event of their SIPP provider running into financial difficulty, and also have a greater say on how their pension is invested. Mary Stewart, marketing director at Hornbuckle Mitchell, says most SIPP providers remain the sole owner of a customer's assets, despite the client making all the investment decisions. "We take the view that the owner of the pension should be allowed to be the owner of its assets," she says. "It sounds obvious but is quite rare in the industry." By becoming a co-trustee...