To help understand often complex financial products and services, we have created a series of detailed guides to get you thinking about what you need to know before talking to an adviser.
SIPPs v ROPS
SIPPs are personal pension wrappers that offer investors more freedom of choice than traditional personal pensions. They allow investors to choose their own investments or select an investment manager to look after the portfolio for them. A Recognised Overseas Pension is an international pension plan recognised by the HMRC.
If you're thinking about your retirement plan, it's likely that you are considering whether a pension is the right thing to invest in. There's a lot of conflicting information out there about pensions. Download our definitive guide to retirement planning which will give you the background into pensions and different types of pension schemes.