Five Sipp facts not many people know
By Kirsten Hastings, 31 Jul 17
An estimated one million people have opted for self-invested personal pensions (Sipp) as they offer a wide choice and the freedom to invest almost anywhere. Hargreaves Lansdown have put together some of the lesser-known facts about the increasingly popular retirement vehicle.
Nigel Lawson is probably now most famous for being the father of tv cook Nigella Lawson. But during his time as chancellor of the exchequer under prime minister Margaret Thatcher, Lawson created the Sipp.
His intention was to make it easier for people in personal pension schemes to manage their own investments and increase the range of investments available in a pension. The first Sipp was started in March 1990.
They were not, however, an immediate success and it took several years before they started to become popular.
Tags: Hargreaves Lansdown | IHT | Inheritance | Sipps
