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I don't know why it's called a SIPP - it's not really managed by me. It's a fund managed by the company my employer use
In principle you can usually choose between a few funds, but unless you actually want to manage it yourself, the default is usually some "lifestyle" fund that starts drawing down from equities to fixed income to cash as you get closer to your target retirement date.
I've generally stuck with those default funds because:
- The website and the information available are often both appalling (so it's hard to figure out whether the alternatives would actually be better)
- I can't be arsed, and it seems pretty unlikely I'm going to come up with a better scheme than the default unless I give up the day job and do it full time
I might change my mind about #2 if there's another massive recession just as mine start drawing down, but then again I might be too busy scavenging in bins to worry about it.
- The website and the information available are often both appalling (so it's hard to figure out whether the alternatives would actually be better)
useless
The employer SIPP thing would be bare minimum employer contributions and nothing from me. My own SIPP thing is static - I don't add anything to it now.
Ah, I knew I'd asked about this before. This is what my employer SIPP thing offers:
https://www.lfgss.com/comments/16964504/
I don't know why it's called a SIPP - it's not really managed by me. It's a fund managed by the company my employer use.