Sipps of liquidity

Is cash the forgotten asset of the world of Self-Invested Personal Pensions?

The Self-Invested Personal Pension (Sipp) market has grown rapidly since the concept was first introduced to the UK around 15 years ago. The result is that there are now approximately half a million Sipp plans and that number is expected to double over the next five years, according to some in the pension industry. When talking about Sipp accounts, the main focus is naturally placed on the diverse and sometimes eclectic forms of investment that can be included. However, an oft-neglected element is the cash deposit account. This typically contains money resulting from the transfer of fund...