Getting to gripswith Sipps

With an increasing number of Self Invested Personal Pension providers and the FSA concerned about the complexity of Sipp charging structures, it is imperative consumers and advisers research well in order to select the right pension to match an individual's specific needs

When Sipps came along, they were billed as being fantastically comprehensive, but darned expensive. Since then, things have changed. Cut-price providers, tiered charging and competition have made the whole thing more affordable. Unfortunately, the way charges are structured has made the market so complicated consumers are struggling to make the most of it. There are around 50 providers out there, each with its own variation on the charging theme, so it is important to get to grips with how they work. For most people, there are five types of cost that make up the bulk of charges. Firstly, ...