What is a SIPP (self invested personal pension)?
SIPPs are specialist products that allow you more flexibility over where your money is invested. They suit people who want to make their own investment decisions and are comfortable with taking on the higher associated risk. You can choose to invest directly in anything from individual shares to property, picking the investments yourself rather than having your provider do this for you. Charges on SIPPs tend to be higher than on personal pensions. SIPPs are a complex area and you should seek advice from your provider or a financial adviser if you are interested in this type of pension. There may be a charge for financial advice.
