Self-invested personal pensions (Sipps) could become a normal part of employee benefit packages in the near future, according to pension experts, offering more individuals the chance to take greater control of their retirement fund and invest it in a wide variety of assets.

ICAP, the world’s largest inter-dealer broker, already offers its employees the opportunity to join a group Sipp through Standard Life, and earlier in January GlaxoSmithKline, the pharmaceutical company, offered its employees the chance to take membership of a group Sipp.