Content area
Full text
The alternative investment opportunities provided by Sipps make the role of the adviser and scheme administrator even more vital, says Pointon York Sipp Solutions managing director Christine Hallett
A-Day passed without too much fallout although the unnecessary deadlines imposed by HM Revenue & Customs for the completion of commercial property purchases requiring 75 per cent gearing created an unnecessary workload.
The draft rules were issued for the definition of residential property and also for the lump sum recycling requirements but, as usual, there was no indication as to when they will be finalised.
What now? Interest in self-invested personal pensions as the default pension framework is growing and the number of enquiries is increasing daily.
The enquiries span the breadth of all the opportunities that the Sipp framework can bring, as clients can now take advantage of alternative investments such as unquoted shares, residential property funds and private equity investments.
It is an exciting time as the marketplace settles down and providers start to reveal their products and services.
But the new world of pensions is not at all simple and the...