Is retirement wealth management supported by Sipps?

Wealth management for retirement may be assisted by self-invested personal pensions (Sipps), as one expert claims the schemes optimise returns.

Guy Tolhurst, managing director of Intelligent Partnership and Sipp expert at Property Investor Show and OPP Live, claims Britons must "sit up and take control of their own future" when it comes to planning for post-work years.

Tactics for wealth management may have included investment and property before the credit crunch, but some individuals and fiscal advisors are beginning to consider other ways to ensure private wealth performs for investors nearing or enjoying retirement.

The expert suggests "growth-oriented asset classes" are one option with a Sipp scheme, alongside "income-generating [vehicles] to maximise your retirement benefits".

Last week, LV= reported 54 per cent of over 50s still in paid employment would advise their children to invest in property in order to protect private wealth in later life, while 53 per cent would also recommend paying into a pension.  This indicates many individuals favour more than one method of fiscal consolidation for retirement.ADNFCR-2318-ID-800097865-ADNFCR