Self Invested Personal Pensions (SIPPs)

It is possible to set up a Drawdown plan as a Self Invested Pension Plan (SIPP).

A Self Invested Personal Pension (SIPP) Drawdown is similar in many ways to a normal Drawdown Plan. It comes under the same basic rules as far as tax-free cash and income are concerned. The difference arises out of what the investments underlying the arrangement can consist of.

In addition to the investments that a conventional Drawdown plan can use a SIPP can directly hold commercial property and stocks and shares quoted on a recognised stock exchange. Most SIPPs allow you to select from a range of assets, such as:

Particular stocks and shares quoted on a recognised UK or overseas stock exchange
Government securities
Unit trusts
Investment trusts
Insurance company funds
Traded endowment policies
Deposit accounts with banks and building societies
National Savings products
Commercial property (such as offices, shops or factory premises).

This list is not exhaustive and different SIPP operators will offer different ranges of investment choices.

A SIPP Drawdown can be transferred to another SIPP or to a conventional Drawdown Plan or an Annuity at any time.

Download our comprehensive pension options guide by clicking on the above image.

Financial Advisers

Jonathan Walker
Jonathan is the director and joint owner of the Pension Drawdown Company.

Robert Bolton
Robert is a practising Barrister and is also fully qualified as a Diplomaed Financial Adviser.

Bob Diamond
Bob is a Pension Specialist who has been with the company since its incorporation in 1996. Bob has been a financial adviser since 1989.

Andrew Ross
Andrew is a qualified financial adviser and is undertaking further training to become fully diplomaed.

Roger Easterbrook
Roger is a financial adviser with a background in Executive Search and is close to completing the Diploma.

Click here for more team members.

Market Monitor

Updated: 6th February 2012

Signs of an improvement in the US economy and an absence of bad news from Europe helped global equities stage their strongest weekly rally in several months. A surge in hiring in the US economy drove the Nasdaq index to an 11-year high on Friday, as optimism grew that the jobs market is on a steady path to recovery. Technology stocks gained a further boost as Facebook 's long-awaited IPO filing drove a two-day rally in internet names. The US dollar rose against the euro, the pound and the yen as investors speculated that the positive signal on the US economy would lessen the chance of a further round of quantitative easing.

European stocks closed at their highest in more than six months, while the FTSE 100 closed at its highest since last August. For the second week in a row, government bonds rallied as talks continued over the eurozone debt crisis with private creditors to Greece coming closer to an agreement on the country's debt. However, the week's news wasn't all positive, as Portuguese government bond yields surged to much the same levels that forced Greece to ask the EU for a second bail-out last year.

Important information: This update is intended to be for information purposes only.

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