Blog: What makes a SIPP?

Mark Lisle, compliance manager at Rowanmoor, says the term 'SIPP' covers a diverse range of products.

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I was catching up with the latest posts on the social network and noticed that our hosts in the alpine resort of Le Chinaillon had cleared the decks and the freezers and oiled the woodwork ready for the summer, only to wake next morning to several centimetres of snow.

Just as I read this, my partner phoned to say she had arrived safely in Normandy, and it was a sweltering 28˚C, a reminder that France is a big country, and full of contrasts.  This struck a chord. Having been asked by the Association of Member-directed Pensions Schemes (AMPS) to address its Annual Conference, I was co-opted onto an impromptu panel of judges to assess the outputs from the workshop exercise, which was to come up with a suitable definition in answer to the question “What is a SIPP?“ You would think that such a simple question could yield only a limited variety of answer...

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