In a Self Invested Personal Pension (SIPP), who makes the investment choices?

• A. The employer
• B. The investment committee
• C. A financial advisor
• D. The individual

Answer: (D)

A SIPP is a self-directed pension wrapper, so the person who holds the SIPP has control over where the money is invested. The plan is administered for the member, and investments can be chosen from a wide range of assets. The employer doesn’t decide the investments, and there isn’t a standing investment committee within a personal SIPP. A financial adviser can provide guidance or manage investments under a specific mandate, but the ultimate decision rests with the individual. This arrangement gives the member the flexibility to tailor the investment approach to their goals and risk tolerance.