‘Sole or joint?’ may sound like a classic ‘surf or turf’ choice in your favourite restaurant but the question can also be applied to the trusteeship of self-invested personal pensions (SIPP). Andy Leggett explains the significance in practical terms.
Trusteeship affects how a SIPP operates in profound ways. The good news is that both sole and joint trusteeship are tried and tested models and both work – this is not a perilous issue. That said, we do believe that one model offers material advantages over the other.