Are Sipps the future of retirement savings?

More and more insurers, stockbrokers and IFAs are offering Sipps. So what are the benefits for your retirement provision?

Are self-invested personal pensions (Sipps) the future of retirement savings? Last week, Fidelity launched its own Sipp, joining a growing band of insurers, stockbrokers and independent financial advisers (IFAs). Sipps offer greater choice and more control over your pensions investments. They can also work out cheaper than traditional schemes.

Some Sipps give you access to more than 1,000 funds through a fund supermarket and will usually let you invest in quoted shares, says Paul Farrow in The Sunday Telegraph.

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Naomi is a money expert and personal finance journalist with more than 20 years of experience in the industry. In her time she has written for The Times, Herald Scotland and MoneyWeek, and Naomi is currently at MoneySuperMarket as a money expert. Naomi shared her expertise on personal finance topics from travel insurance to the best savings accounts on MoneyWeek.