Special Report
Guide to Sipps
Many want greater investment freedom and Sipps give ‘hands on’ control, allowing members and their advisers to access a wider range of asset classes beyond conventional pooled funds.
However with so many providers purporting to offer Sipps, how can you make sure you select the best wrapper for your client?
This guide looks at how to compare Sipps and make sure the product works for your client today and when they need a retirement income.
Answers supplied by HM Revenue & Customs, the FSA, Billy Mackay, marketing director of AJ Bell, and Mary Stewart, director of Hornbuckle Mitchell.
IN THIS REPORT
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Q: What is a Sipp?
Self-invested personal pensions were conceived back in 1989.
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Q: Who is a Sipp suitable for?
Sipps are about choice and control, not just while saving but also when taking benefits.
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Q: How can I compare Sipps?
The personal pension market now consists of several broad product categories.
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Q: How can I select the right Sipp for my client?
This will often depend on the range of investments needed to satisfy the needs of the client and also the overall cost of the Sipp wrapper and ...
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Q: When is a transfer into a Sipp appropriate?
Regulators are scrutinising this area closely due to the huge potential for member detriment.
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Q: What are the pros and cons of Sipps for a client?
A wider range of investments is a clear pro.
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Q: What are the pros and cons of Sipps for advisers?
Sipps have brought a buzz and excitement to pension saving, offsetting some of the negativity around traditional personal pensions, according to Mary ...
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Q: How can I show a Sipp is right for my client?
Like any other pension solution, Billy Mackay, marketing director of AJ Bell, said you must ensure that you consider many of the points raised in the ...
