SIPPs: Providers split on whether investment choice should be restricted

Providers split on whether investment choice should be restrictedSelf-Invested Personal Pensions (SIPPs) are popular with investors mainly because of the investment flexibility they offer, compared to other forms of pension. However, regulators have warned that some investors, as well as unscrupulous advisers and salespeople, are taking advantage of this flexibility by taking out or selling investments, which may not meet HMRC rules and could therefore lead to unforeseen tax charges. One possible solution, to the problem of assessing whether an investment meets HMRC rules, and therefore avoid a tax penalty, would be ...

SIPPs: How can you calculate and compare SIPP fees? Not easily!

iStock_000017861768XSmallIn his latest Guest Blog for us, Martin Tilley of Dentons Pensions suggested that over the coming months SIPP (Self-Invested Personal Pension) providers will soon be left to compete on just two key battlegrounds; service and charges. As our SIPP Chat feature shows, many SIPP providers offer an excellent service. Although some of the recent reviews show others are getting things seriously wrong. Martin’s piece on service is excellent and we’d urge all SIPP investors, Independent Financial Advisers and dare we say it, a few SIPP providers, to take a ...

SIPPs: Three ways to pay your fees, which is right for you?

SIPPs: Three ways to pay your fees, which is right for you?We’ve been updating SIPP Zone over the past few weeks, which gives information on charges and allowable investments for most SIPPs currently available, and we’ve noticed a couple of interesting trends. Firstly, on the back of new regulatory capital requirements (the amount of cash they have in the bank to you and us!) some SIPP providers have become more restrictive in the types of investment they will allow. Secondly, ...

Harlequin Property update: SFO investigates & SIPP providers admit to holding Harlequin investments

Update Harlequin 150pxThe last couple of months have been worrying ones for Harlequin Property investors, first came an alert to financial advisers by the FSA, then rumours of an investigation by the Serious Fraud Office (SFO), which appear to be true and it now seems that income payments to some investors have stopped. Since we last wrote about Harlequin Property on 4th March, which you can still read by clicking here, we’ve been contacted by a ...