By Craig Rickman Self-invested personal pensions (Sipps) have become the most popular vehicle in retirement in recent years. Despite being introduced almost 25 years ago, their surge in popularity only really started in the past decade. This was largely due to plummeting rates on guaranteed income products, such as annuities, and the introduction of pension freedoms in 2015, which allowed investors to fully access their pension pots. If you choose an income drawdown option, then you must use a Sipp. As a result, Sipp sales now outstrip annuities sales by five to one, according to Financial Conduct Authority (FCA) […]
Full Post at www.investorschronicle.co.uk