| Commentary

32.2 Self-invested personal pensions

| Commentary

32.2 Self-invested personal pensions

One of the problems of a conventional personal pension plan (PPP) is that, as the member effectively pays his money over to an insurance company for investment in an insurance policy, he has relatively little choice over the way in which the money is invested. This may explain the increasing popularity of the self-invested personal pension (SIPP). A SIPP is a type of PPP which allows the member much greater freedom in investments and provides the opportunity for the plan to hold these investments directly. The member can either have control over the investment strategy himself

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