Self Invested Personal Pensions

Most people appreciate the need to save for retirement, but few fully appreciate the large sums needed to provide for even the most basic pension.

Professional people with slightly more than average in their pension pot may wish to consider establishing a more personalised approach to their retirement needs. Self Invested Personal Pensions Plans (SIPPS) are inexpensive to set up and fees can be as little as £375.00 per year.

As the name implies the pension holder is able to dictate the content, style, risk profile and objective of all monies invested.

Combined with any established and new PEPs and ISAs, it is possible to have an overall portfolio tailored to meet specific needs, which can then be controlled personally or delegated to one of Aventus’ experienced investment managers.

This kind of arrangement is becoming increasingly popular, as the difficulties of insurance companies have come to light. Many now see the attraction of having a bespoke retirement portfolio that is complemented by their existing investment portfolio.

Unless you are prepared to undertake the day-to-day research and monitoring required to administer a SIPP, then using the services of an investment manager is an affordable way of achieving the same goal.

Wealthy pensioners of the future are likely to be those who invest time and energy now in researching and establishing bespoke retirement portfolios.