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Investing SIPP monies

Gatser
Gatser Posts: 625 Forumite
Part of the Furniture 500 Posts Name Dropper Photogenic
in Pensions, annuities & retirement planning
Anyone got any good tips for where to invest SIPP money?
As drawdown is not too many years away, I would rather earn (say) 4.5% in a cash investment than speculate on equity funds....

Not sure which Cash accounts will accept SIPP money though....

thanks
THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)

Comments

  • dunstonh
    dunstonh Posts: 120,211 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Ask your SIPP provider as many will have arrangements with banks on a range of cash accounts.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • purch
    purch Posts: 9,865 Forumite
    edited 13 September 2009 at 5:43PM
    I did mention the RBS Royal Bond recently.

    Was issued last month, with a coupon of 5.3% and a 6 year maturity.

    Is now trading at about 100.7 which makes the yield to maturity about 5.15%.

    Note this is not a 'saving' account or bond and does not benefit from FSCS protection.

    http://ukmarkets.rbs.com/EN/Showpage.aspx?pageID=10&isin=GB00B3YVV405
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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