Self Invested Personal Pensions
A Self Invested Personal Pension (SIPP) is a scheme that gives you a higher level of control over your own pension. This means you get access to more choices on where you can invest your retirement fund, allowing you to manage your own investments and savings, rather than relying on a pension company or fund manager. The appeal of such a scheme is clear, but the risks associated with it are sometimes not made obvious to investors.
Investments go down in value as well as up so you could get back less than you invest. SIPPs were created to give experienced investors the opportunity to take more risks, but the general public should not have been encouraged to do so.