Which SIPP to use

dunstonh

Albermarle said:

That's probably as they dont offer a SIPP

 They launched it just after they sold their main retail investment business to Fidelity, so never quite understood the logic of doing that. That is making a statement that they wanted to get out of the retail side, selling it all, then making a low key foray into retail pensions.

Originally they called it a SIPP, but as it has only five L&G investment options, then of course it is not really a SIPP and now they call it their personal pension.

Personal Pension | Private Pension | Legal & General (legalandgeneral.com)

Its that marketing again.

Maybe this thread is a good example why.   "Got to have a SIPP".  "Why?"  "I don't know why, that is just what I have been told."

L&G strategy for being in or not in the pensions business is one of life's mysteries.

i agree.

They used to be a dominant player in pensions but they gave up their part ownership of Cofunds and turned their back on individual retail pensions and investment distribution.  Now, they just play around the edges and focus mainly on workplace.