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 ...

SIPP: Call for residential property to be held in SIPPs

House front in scaffoldsOne of the UK’s leading SIPP providers is calling for swift reform of the self-invested pension rules to allow investment into residential property. At present, except in very limited circumstances, neither SIPPs (Self-Invested Personal Pensions) nor SSASs (Small-Self Administered Schemes) can invest directly into residential property. Residential property in SIPPs? In his last Budget, just a few months ago, Chancellor George Osborne indicated a review would take place, to investigate the possibility of self-invested pensions being able to ...