Different types of SIPPs offer varying levels of access to property and insurance-based investment vehicles. To simplify, SIPPs generally fall into one of two categories:
- Personally managed, fully flexible SIPP’s
- Low-cost SIPPs with restricted access to collective investments and share options
More commonly, the larger SIPP providers are stricter on how they apply these rules. As a general rule of thumb, the bigger the SIPP provider, the less flexible they are. Normally, smaller specialist providers can be much more flexible when it comes to finding the most appropriate plan for your needs.