Many investors are happy to make their own decisions on where to put their money, a new survey has revealed.
According to a poll by JP Morgan Asset Management (JPMAM), 63 per cent of investors feel comfortable making their own investment decisions.
This includes exploring tax efficient Self Invested Personal Pensions (SIPPs) options, with 20 per cent already holding a SIPP in their portfolio and a further 19 per cent saying they would consider taking out a SIPP this year.
However, the survey revealed that a third of investors say they still lack knowledge of how a SIPP can help as an investment vehicle.
JPMAM's Peter Feasey commented: "With UK interest rates still at record lows, investors continue to look for ways to get the best returns.
"With investors no longer having to take their benefits by the time they are 75 years old, SIPP holders will have greater flexibility than ever before to invest in the areas that best suit and sustain their financial needs, for longer."
Earlier this week, the government launched the Money Advice Services to provide the public with information and advice when making financial decisions.
Investors happy to make own decisions but lack SIPP knowledge, survey finds
Investors happy to make own decisions but lack SIPP knowledge, survey finds
Tue, 05 Apr 2011
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