SIPPs: Is the door slowly closing on deposit accounts in SIPPs?

SIPPs: Is the door slowly closing on deposit accounts in SIPPs?It often takes time for the unintended consequences of new rules to be fully understood. This is certainly true of the latest Policy Statement from the Financial Conduct Authority entitled “A new capital framework for Self-Invested Personal Pension (SIPP) Operators”, also known as PS14/12 for short. If you work in the SIPP industry you will already be very familiar with this document. If you are a SIPP investor we’d happily place a bet that you probably haven’t heard of PS14/12, definitely not ...

SIPPs: Provider freezes SIPP fees for a year

SIPPs: Provider freezes SIPP fees for a yearAmid speculation that Self-Invested Personal Pension (SIPP) fees will have to rise following the Financial Conduct Authority’s (FCA) latest review of the industry, one provider has announced that their fees won’t change for the next 12 months. Xafinity has announced they will be freezing their SIPP fees on both their Full SIPP and SimplySIPP products until September 2015. SIPP fee rises Need advice ...

SIPPs: Is your SIPP provider about to cut your investment options?

Is your SIPP provider about to cut your investment optionsA clue to the attraction of a Self-Invested Personal Pension (SIPP) is in the name; self-investment, which allows investors to have a wider choice, greater flexibility and more control. Until now perhaps. Many of the reasons investors are attracted to SIPPs could be seriously undermined if a recent trend towards more restrictive investment choices continues. What’s changing? Many SIPP providers, although not all, are restricting the types of investments whey will allow members to hold within their SIPP....

SIPPs: Taylor Patterson cut fees for SIPP property transfers

SIPPs: Taylor Patterson cut fees for SIPP property transfersMany investors, often because of poor service, which is unfortunately becoming increasingly common, lack of flexibility or high are now considering moving to a new SIPP provider. Transferring your SIPP (Self-Invested Personal Pension) generally incurs costs; exit fees, initial charges, and so on; in most cases these are generally not prohibitive. But it’s a different story if you hold a commercial property. Contact ...