Looking for freedom

Before your client starts investing in a Sipp ensure it offers all the investment freedoms it promises, as some restrict invest choice and transferring can incur additional costs

It may surprise some outside the industry to learn that self invested personal pensions (Sipps) have been around for almost two decades. It was the Conservative Chancellor Nigel Lawson who introduced a greater range of investment freedom to pensions, allowing direct investment in equities, commercial property and the like. Although the Sipp market has grown steadily over this period it is only recently that Sipps have become the must-have pension vehicle which offers customers the ultimate control over their pension and the investments underpinning it. The demand for Sipp products is grow...