For Pensions Awareness Day, The Share Centre has released figures showing that its Sipp investors are investing more money than a year earlier and making more trades within their Sipps.

Helal Miah, investment research analyst at The Share Centre, said: “Latest research from The Share Centre highlights that investors are clearly recognising the need and importance of investing for their retirement as the average amount of money its customers have invested in its SIPP product has increased by 75% year-on-year.

“This ethos is also reflected in the increased level of activity as the number of trades made within its SIPP has increased by almost a third (28%) whilst inflows into the pension product increased by a staggering 87% year-on-year.”

Ms Miah said the company’s message was that Sipps had a place in the pensions market in terms of Pension Awareness Day.



She said investors wanting to build a bigger pension pot and take more control over their pension were increasingly choosing a Sipp because of its flexibility and ability to hold a wide range of investments.

She said companies providing strong dividends could be a good choice for a Sipp such as GlaxoSmithKline and National Grid. Investment trusts such as City of London Investment Trust could also be of value.
 
Investors were also looking for income paying investments and one option could be the SSGA SPDR S&P Global Dividend Aristocrats fund as it pays out quarterly with an annual dividend yield of around 4%.