Other than those employees fortunate enough still to have a final salary company pension scheme, many people are now using self-invested personal pensions (SIPPs) to build up their pension funds and particularly, around retirement, to create retirement drawdown portfolios which they can use to provide income when they stop working.
The shift towards SIPPs is not surprising. They have many advantages, allowing you to build your own investment portfolio for growth or income.
You are not locked into one investment manager or stuck with the same annuity rate for life. You can choose the best investment managers and draw down capital gains as well as income.
However, such is the range of investment opportunities available that narrowing your selections and constructing a well-rounded portfolio can be a challenge.
We therefore asked a number of retirement experts for their thoughts on what a well-crafted SIPP portfolio should look like.
Naturally, advisers are quick to point out that generalising about SIPP investments is difficult because much will depend on individual circumstances and attitude to risk.
When you first start building up your pension, just one good global equity or multi-asset fund may be sufficient, points out Patrick Connolly, a certified financial planner at Chase de Vere.
Read the article here: http://www.iii.co.uk/articles/363806/fund-tips-pre-and-post-retirement-portfolios
