Location, (al)location

Everyone knows that with property purchasing, location is everything - and so it is when it comes to knowing where to allocate pension investments

Although self-invested personal pensions (Sipps) were launched in 1989, they represent less than 2% of the total pension market. Some 42% of high-net-worth individuals are aware of Sipps, but only 10% of them actually have one. It appears that over 70% of clients prefer IFAs for Sipp advice, at once presenting them with an appealing business opportunity while also raising the dilemma of where to allocate their clients' funds. There is likely to be an 'equity growth' element in any Sipp, although clearly the weighting will depend on the client's profile, whether it be a young man with 40 y...