New research from Investec Wealth & Investment has highlighted that many SIPP (Self Invested Personal Pensions) investors are failing to use the full functionality available to them.
Amongst other things the research showed:
Only 37% of SIPP investors said they had enough time to devote to the running of their SIPP
Only 45% of DIY investors understood the charging structure of their SIPP provider
15% of DIY SIPP investors said they were likely to appoint an adviser within the next year