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SIPP Set up

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bennettjc
bennettjc Posts: 1 Newbie
in Pensions, annuities & retirement planning
Can I set up my own SIPP rather than go through a provider to avoid the fees and run it myself?

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    In a simple answer, no you can not.

    SIPP providers are regulated. You are not. Most providers don't cost a lot in £ terms compared to the benefits.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    bennettjc wrote: »
    Can I set up my own SIPP rather than go through a provider to avoid the fees and run it myself?


    You might be able to but it would cost a lot more than a normal SIPP to get the regulatory clearances.
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