If you have contracted out of SERPS or the State Second Pension (S2P) at any time in the last 20 years then you may be able to benefit from new government rules.
The changes on 1st October allow investors who are willing to take control of their investments to hold their contracted out pension funds (known as Protected Rights) in a SIPP.
This gives you the opportunity to benefit from the wide investment choice, low costs and control offered by a SIPP. Until now the only option for most individuals has been to hold this money in a traditional style personal pension or stakeholder plan, many of which have performed poorly.
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