Self-invested Personal Pension (SIPP):
A type of UK personal pension that gives the policyholder more choice about the
investments held.
With a traditional personal pension, choice is limited to funds run by the
insurance company.
A SIPP holder can invest in the shares of any company listed on a stock exchange
and certain other assets, bringing them all within the SIPP tax wrapper.
SIPPs tend to incur higher charges than normal personal pensions (not always
though) making them more suitable for those with larger sums to invest.
For more information click
here.*