SIPPs: Hopes and fears for 2014

Our financial wish list  6 things we’d like to see change in 2014 150px2014 will be a big year for the self-invested pension industry; the Financial Conduct Authority (FCA) is due to release its final proposals for capital adequacy requirements for SIPP (Self-Invested Personal Pension) providers, further consolidation is expected, whilst the spectre of poorly performing unregulated investments continues to cast a cloud over certain providers. We’ve asked leading figures for their hopes and fears for 2014. What are the key issues? ...

SIPPs: SIPP providers, interest rates and cash accounts – the debate continues

HiResSIPPs (Self-Invested Personal Pensions) are big business in the UK with more than one million in existence. Investors would be forgiven for thinking that SIPP providers make the majority of their income from the fees paid by investors. For many SIPP providers that is indeed the case, but some take a cut of the interest paid on the mandated SIPP bank account, which is designed to move money between investments, receive contributions, pay income and hold money in the ...

Harlequin Property update: Confusion over true valuation of Harlequin investments

Update Harlequin 150pxHarlequin investors have been left confused over the true value of their investment, after one SIPP (Self-Invested Personal Pension) provider took the decision to value investments in the beleaguered property firm at just £1. A letter sent by the Lifetime SIPP Company to investors, seen by Investment Sense, says: “As you may be aware the underlying assets purchased with monies raised by investors through Harlequin Property were overseas property developments. Some of the developments have not been completed on ...

Harlequin property update

Update Harlequin 150pxAnother week, another update on the latest goings on at Harlequin Property. Shipleys appointed as joint administrator It has been confirmed Shipleys LLP, has been appointed as joint administrator of Harlequin Management Services (South East) Ltd, which was trading as Harlequin property. The move comes after Carol Ames, director of the company, made an application in the high court to place the company into administration citing adverse trading conditions caused by negative publicity. Creditors of Harlequin have been asked by Shipleys to provide ‘Proof of Debt’ plus evidence to ...