This includes setting out a number of signs that support may be needed including spending more than you want on trading and not considering the cost of frequent trading on your account.
It then offers the contact information of charities that can help and links to learn more about investing.
Increase in gamblers high-risk investing
Gambling charity GamCare said it had seen an increase in calls to its national gambling helpline from people saying they struggle with high-risk trading products.
Raminta Diliso, financial harm manager at the charity, said: “We have received calls from people who had previously reached out for support around gambling but are now struggling with financial products and we are concerned by this trend.
“While most people might typically look at their investment portfolios on a monthly or quarterly-basis, we have heard from callers who spend up to 16 hours a day trading on volatile investment products.”
She went on to say this behaviour through Sipps can mean gamblers lose their lifetime savings.
Diliso added: “Frequent and compulsive trading within self-invested personal pension products is particularly worrying. It can leave consumers vulnerable to losing lifetime savings and can have a negative impact on personal relationships and mental health.
“It is important that there is more awareness around the issues that people can experience from these high-risk investments and the help available.
“We would encourage anyone affected to speak to their self-invested personal pension provider first to see how they can support you.”
tara.o'connor@ft.com
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