SIPP Providers
SIPP Providers
SIPPs (Self-invested personal pensions) have widened their appeal following the introduction of an online management option that reduces the traditionally high charges for managing the scheme. There are a large number of SIPP providers across the UK, either large financial institutions or more specialised companies that focus specifically on SIPP customers and their options.
Different providers will offer varying services in terms of SIPP charges and management. Differences range from some companies requiring the use of a specific solicitor or estate agent for certain investments to other investment options being restricted or not allowed. Charges and SIPP features also change depending on which provider is chosen.
Given the number of options available, it is important to decide what your needs are from your SIPP and what areas you are looking to invest in. This can narrow the choice of SIPP providers significantly. Looking at the various charges and how they might apply to you is also important.
Many people require advice when choosing pension plans or between options such as different SIPP providers. We work with Eden Personal Financial Planning, a national firm of pension specialists who provide independent financial advice on exactly these areas.
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