Investors are comfortable making their own decisions, research suggests

Two thirds of investors, some 63%, feel comfortable making their own investment decisions according to research from J.P. Morgan Asset Management in a poll of 556 direct investors.

The poll also revealed that these confident investors are happy to explore tax efficient Self Invested Personal Pensions (SIPPs) with one in five, 20%, already holding a SIPP in their portfolio and a further 19% saying they would consider taking out a SIPP this year.

Despite 39% of these confident investors saying they already have a SIPP or are planning to invest in one in the future, confusion is still evident around SIPPs with one third of all investors surveyed saying they still lacked knowledge of how a SIPP can help as an investment vehicle.

‘With UK interest rates still at record lows, investors continue to look for ways to get the best returns. The J.P. Morgan SIPP presents investors with a simple, flexible and tax efficient way of investing for retirement, either by lump sum or regular contribution,’ said Peter Feasey, head of J.P. Morgan WealthManager Plus.

‘It also allows investors to invest for capital growth, income or a combination of the two. With investors no longer having to take their benefits by the time they are 75 years old, SIPP holders will have greater flexibility than ever before to invest in the areas that best suit and sustain their financial needs, for longer,’ he explained.

The J.P. Morgan SIPP is available through J.P. Morgan WealthManager Plus and investors can receive access to a number of financial planning tools, such as the financial health check and a tool to evaluate attitude to investment risk to help with investment decisions.

‘This is ideal for those who are slightly less confident about making their own investment decisions – although investors who are unsure should consider speaking to a financial adviser who can take them through all the investment options available to them,’ added Feasey.

The J.P. Morgan SIPP allows investors to take advantage of a wide range of assets including J.P. Morgan’s Investment Trusts, OEICs and SICAVs, as well as providing access to funds from other leading UK fund managers. Equities and Exchange Traded Funds are also available.