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SIPP investors think they can beat professionals

SIPP investors think they can beat professionals

Category: Pensions

Updated: 06/05/2009
First Published: 06/05/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The vast majority of investors taking control of the funds their retirement funds in self-invested personal pensions (SIPPS) are confident they can outperform fund professionals.

The Government approved scheme allows individuals to make their own investment decisions from the full range of HM Revenue & Customs approved investments, thus offering more control and choice.

Research conducted by Barclays wealth has found almost nine out of ten (89 per cent) of SIPP investors opened their account in the belief they can better the choices of a professional pension fund manager.

The findings also revealed that over half (54 per cent) of investors opted for a SIPP because they wanted the ability to take control of their investment decisions – a reflection of the flexibility such an account affords.

Fourteen per cent of investors said they were attracted towards a SIPP because of the chance to adapt their portfolios to different market conditions and to invest in different asset classes.

Barbara-Ann King, head of investments at Barclays Stockbrokers, commented that it is encouraging that investors have the skills and experience to take control of their pension savings.

"It is important that people plan sufficiently for their retirement and by taking control of their pension investments they can proactively work towards getting the best returns, which is increasingly challenging ion the current environment," she added.

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