High interest savings account supplier Barclays Stockbrokers lauds Sipps

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High interest savings account supplier Barclays Stockbrokers lauds Sipps

Savers aiming to build up a significant sum of money for their retirement could benefit from self-invested personal pensions (Sipps), according to a representative from Barclays Stockbrokers.

Such products allow experienced investors to "take control" and offer additional flexibility for customers who want to manage their own portfolio, head of product at the company Paul Inkster remarked.

He suggested that the current economic climate and changes in the retirement savings industry have led to more interest in Sipps.

"Pension savings have been hit hard in recent years by volatile market conditions and the demise of final salary pension schemes," said Mr Inkster.

In his experience, retirement planning is often a priority for investors and he suggested Sipps can be great if a client has the necessary knowledge of the market.

Last month, Barclays Stockbrokers reported there has been strong trading of Connaught shares recently, after its market value fell by 69 per cent in just one day.

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