Around 20 per cent of investors who make self-advised investment decisions already hold a self invested personal pension, according to a new poll.

Research from JP Morgan found that of the two thirds of its customers who feel comfortable making their own investment decisions, one in five already has a Sipp and a further 19 per cent are considering taking on out during the next 12 months.

The poll, conducted among 556 direct investors shows the increasing knowledge base among UK investors, however there was still a little confusion among the group surveyed in relation to the specifics of how a SIPP can help a portfolio as an investment vehicle.

Peter Feasey, head of J.P. Morgan Wealth Manager Plus said that with UK interest rates still at record lows, investors are continuing to look for ways to get the best returns and a SIPP can assist with that.

He added, ‘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.’

J.P. Morgan’s own SIPP allows investors to shelter J.P. Morgan's Investment Trusts, OEICs and SICAVs in the wrapper, as well as providing access to funds from other leading UK fund managers. Equities and ETFs are also available.

Direct investors can buy the J.P. Morgan SIPP through the J.P. Morgan Wealth Manager Plus platform at www.jpmorganassetmanagement.co.uk/investor or by calling 0800 20 40 20.