Valley Forge, Pennsylvania Vanguard Group, one of the biggest investment managers in the world, has augmented the range of services its UK investment platform provides by launching a self invested personal pension (SIPP).

This means that Vanguard now provides all the essential elements that a self-directed or execution only (XO) investor requires to manage his or her investments on a tax efficient basis.

Moreover, based on research commissioned from Platforum, a UK-based research and consultancy firm, Vanguard claims that its SIPP has the lowest costs, at least for the average British pension holder.

It charge...