Self-Invested Personal Pensions (SIPPs)
There are people who just don’t want a pension company deciding how their pension savings are invested – they want to control where their money goes and how it grows.
This is where self-invested personal pensions (SIPPs) come in.
A SIPP is, in essence, a DIY personal pension.
A SIPP’s wider investment powers allow you to choose what investments you want to put your savings into, and keep control of your savings.
What can a SIPP invest in?
- Stocks and shares
- Investment trusts listed on any stock exchange
- UK government bonds, plus bonds issued by foreign governments
- Open ended investment companies which are recognised by the Financial Conduct Authority
- Gilts and bonds
- Exchange traded funds traded on the London Stock Exchange or other European markets
- Bank deposit accounts including non-Sterling accounts
- Commercial property
- Real estate investment trusts listed on any stock exchange Offshore funds
SIPPs are easily managed online if this is your preference and most SIPP platforms can look very much like online banking portals. The platform will allow you to see how much money is in your pension fund and where it’s invested, both on a 24/7 basis.
SIPPs can also be suitable for people who want to gather all of their pensions into one pot before they retire, or for those who want to keep their money invested after they retire so that they can draw down an income from it.
The greater pension freedoms afforded may persuade more people to opt for a Sipp pre-retirement to start actively managing their fund.
The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.
Nick Briggs, East Sussex
I absolutely recommend their approach and service
I am very happy with the service that I have received from Pembroke Financial Services on the transfer of my pension from a final salary scheme to a personal pension. I found that Frances was knowledgeable, thorough, and a very clear communicator eliminating jargon. The Pembroke process that was followed including support systems with risk and cash flow analysis allowed a rigorous fact based recommendation about what I needed to do. I absolutely recommend their approach and service.
Andy Setten, Worthing
Really helped me plan the next 5 years
Your help going through my Investments and Pensions and your advice concerning the future really helped me plan the next 5 years. As I mentioned I am extremely grateful to you and all at Pembroke for all your good advice over the last 15 years or so which has certainly borne fruit.
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