SIPP investors turning to gold

The SIPP provider has seen major interest in gold investments from its customers, but says awareness needs to be raised on how to use the asset within self-invested pensions. Numbers of investors putting gold in their SIPP increased by around 100% between January and February this year, The IPS Partnership says. Business development director, Richard Mattison, says IFAs are increasingly looking to hard assets to help their clients shield themselves from volatile equity markets. "HMRC first allowed gold investments to be placed in a SIPP in 2006, but recent market scares have led to a ...