What are the advantages of SIPPs in this difficult economic climate?

James Hay: A SIPP can justifiably claim to be the number one 4x4 of pension investment. It offers exceptional investment freedom to respond quickly to short-term opportunities or take defensive action, a fully-switchable range of tariffs and investment options to suit each client's changing needs, and outstanding fund discounts that will allow clients to reap maximum rewards when the first ‘green shoots' of recovery start to appear. Unlike most 4x4s, however, a SIPP is highly cost-effective, easy to maintain and can be as frugal as you like. Mary Stewart, Hornbuckle Mitchell: "SIPP sa...