On Jan 15, 12:38*pm, "tim...." wrote:
"Mike James" wrote in message

. uk...





tim.... wrote:

The SIPP is 100% safe wrt the "ownership" of the funds. *It is however
not guaranteed to give to a positive return and may return a negative
amount, especially after management fees which can be significant for
small amounts. Small in SIPP terms is perhaps less than 50-100K.

tim
Just checking I understand - the ownership of the funds is with the person
rather than the SIPP admin company.
So it the admin company goes broke then the SIPP (funds?) still exists and
belongs to the person - I presume its just transferred to another admin
company?

However if the places that the SIPP is invested in - say the whole lot is
in a cash fund - go broke then the usual rules apply - e.g. bank deposit
guarantee?
Have I got it?

yep, that's how it works

Good. i wasn't concerned about the health underlying investments but
rather about the SIPP wrapper provider. The other question I need to
sort out (by reading further) is what happens if the SIPPer dies. I
know there is a possible large tax charge under some circumstances.

Robert