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You can


make regular contributions into your SIPP, invest one or more lump sums or even move funds from other pension arrangements into your SIPP.


underperforming or frozen pension funds and putting them to work for you. Taking charge of your pension arrangements for yourself can also feel exciting and very liberating! However, there are also some key risks to bear


in mind.


It is important to check that you won’t be disadvantaged by your new pension arrangements – you might lose important benefi ts or end up paying higher fees. It’s also important to consider your own attitude to risk and how risky the new investments will be and how confi dent you feel about taking charge for yourself. Many SIPP investors choose to use the services of an FCA registered Independent Financial Adviser to help them make these decisions. In addition, don’t make the mistake of believing that just because a developer says that their property is SIPP compliant it necessarily is. It is up to the SIPP operator to assess if it is SIPP compliant or not after undertaking their own review. Finally, even if a development is SIPP compliant, that does not mean that it is some sort of seal of approval that means it is a good investment. As with all investment properties, it is up to the investor to come to their own conclusions on whether it is a suitable purchase for them.


AIPP CONSUMER GUIDE 29


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