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SIPPs - flying solo
It has been two decades since the SIPP was created. Mike Morrison, head of pensions development at AXA Winterthur Wealth Management, looks at their creation and how they have evolved
• With the increased demand for drawdown through unsecured and alternatively secured pensions, the need for investment choice and flexibility has become standard;
• Increased life expectancy and the reemergence of inflation as a threat further drive the need for a sophisticated investment strategy;
• SIPPs still offer extra planning opportunities such as buying commercial property or making in specie contributions.
