More than half of Self Invested Personal Pension (SIPP) investors have chosen SIPPs because they allow them to take control of their own retirement funds, a survey from Barclays Stockbrokers has revealed.
According to the survey, investors are turning to SIPPs
, which are available through a number of investment
products, because of their pension
performance potential, in addition to the flexibility they offer.
Commenting, Barbara-Ann King, head of investments at Barclays Stockbrokers said: "As we continue to experience volatility in the financial markets it is encouraging when investors who have the necessary experience and skills take control of their pension savings and take a bullish approach to shaping their retirement.
"It is important that people plan sufficiently for their retirement and by taking control of their pension investments they can proactively work towards getting the best returns, which is increasingly challenging in the current environment."
SIPPs are a tax efficient saving avenue for pensions, which offer flexibility and freedom, Ms King added: "The control and transparency offered by a SIPP is clearly important to our clients; it puts the investor in control 24/7 and can be as simple or as complicated as the investor wants, offering a wide range of investment opportunities."
Find out more about Barclays Stockbrokers SIPPs
, or get pension and retirement planning advice today
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