Pensions, in general, are a complex area, even for the most seasoned of financial adviser. SIPPs are no exception, however they offer flexibility and wider choice of investments over other pensions while maintaining control firmly in the hands of the client and their adviser. At the same time SIPPs still benefit from the same tax advantages as any other pension.
With transparent fee schedules often based on flat rates there can also be significant cost advantages to a SIPP for individuals with larger funds and those that take an interest in actively managing the assets in their fund. However there are often transaction charges payable to the SIPP provider for each investment transaction depending on how the transactions are carried out.
We have a set of products designed to offer longevity and great value - find out more about our SIPP proposition here.