Sipp vs stakeholder

sazzle73_2

I'm self employed and have the opportunity to put a (10k) lump sum into a pension with the intention of putting regular, but flexible amounts in too. I'm 47. Stakeholder looks safer but on further research found they're harder to find. Is a sipp the best option? I'd really like to invest regularly without needing to research constantly

dunstonh

Stakeholder looks safer but on further research found they're harder to find. 

Stakeholder pensions are only safer in respect that they prevent you from including dodgy investments.   SHPs use insured funds but so do many personal pensions and a small number of SIPPs have insured funds on them but most people using SIPPs would not use insured funds.

Whether it is a SHP, PPP or SIPP doesn't stop you from making a silly decision such as going 100% into cash.

Is a sipp the best option?

If you get the right SIPP and investments then yes.  If you get the wrong SIPP or investments than no.

I'd really like to invest regularly without needing to research constantly

in which case, SHP, PPP, SIPP or master trust schemes or robo would all meet the criteria potentially.

Albermarle

Also some SIPP's offer a huge range of investments that can be confusing to an inexperienced investor .eg
Fidelity International | ISAs, Shares, Funds & Pensions (SIPPs)
Best SIPP Provider 2020 Winner | AJ Bell Youinvest
Other SIPPs are not really SIPPs at all and only offer a limited range and the distinction between SIPPs; personal pensions and robo pensions is a bit blurred . Here some suggestions:
Pensions | Standard Life
Legal & General - Your personal pension (legalandgeneral.com)
Vanguard Personal Pension | Vanguard UK Investor (vanguardinvestor.co.uk)
Set up a Private Pension Online | Personal Pension Plans - Nutmeg
Remember in all cases your money is actually invested in funds within the pension .

TVAS

SIPP forget Stakeholder that is soooooooooooooooooooooooo last century. I like Vanguard because they are cheap. However it would be wise to have a SIPP that has the facility to switch to drawdown rather than the palaver of transferring to another SIPP so you must ask are all the plans that Albermarle  has kindly mentioned above drawdown ready. Get it in writing.  

Albermarle

TVAS said:

SIPP forget Stakeholder that is soooooooooooooooooooooooo last century. I like Vanguard because they are cheap. However it would be wise to have a SIPP that has the facility to switch to drawdown rather than the palaver of transferring to another SIPP so you must ask are all the plans that Albermarle  has kindly mentioned above drawdown ready. Get it in writing.  

The L& G one is not drawdown ready but I think all the others are .