Dec 19 2006
There has been an increase in consumer interest in self invested personal pensions (Sipp), it has been reported, though those looking to invest in such a plan have been urged to pay close attention to their investments.
Plan Invest reports that there has been a definite increase in interest in Sipps across the board, noting a move towards asset allocation and proper advice provision.
The company notes that Sipps are an "ideal way" of accommodating this trend due to the number of low cost and more transparent Sipps recently introduced.
Malcolm Mitchell, joint managing director of Plan Invest, said that those investing in a Sipp should take "a little bit more and attention", compared to investments in traditional pension funds.
He added that investors should look to review their investment in the plan "probably at least once, maybe twice a year".
In October, Fidelity International announced the third anniversary of its Sipp-eligible MultiManager Growth and MultiManager Income Funds, reporting "above average" and "low risk" returns.
