SIPPs: SIPP rules to be changed to allow residential property?

SIPP rules to be changed to allow residential property?The old saying that the devil is in the detail is never truer than where the Budget is concerned. Despite not making it into George Osborne’s speech, the full Budget statement announces that the government is to consult on allowing Self-Invested Personal Pensions (SIPPs) to invest, albeit in a limited way, in residential property. Despite a brief proposal from the last Labour government to allow it, ...

A quick overview: SIPP deposit accounts

Getting information about SIPP deposit accounts has historically been difficult, but not anymore. The Investment Sense best buy table for 'sippable' deposit accounts provides a comprehensive list of accounts which are specifically designed for SIPPs, allowing you to choose the right account for your needs. Specialising in this area, as we do, we thought we would look at some of the questions we regularly get asked about SIPP deposit accounts, starting with the most obvious. What is a SIPP deposit account? Simply put it is a deposit account specifically designed to be held inside a SIPP (Self Invested Personal Pension). Traditional deposit accounts, which might ...

9 SIPP mistakes to avoid

Are you thinking of using a SIPP? Perhaps you are already investing in a SIPP. Read on to discover the most common mistakes made by SIPP investors and how to avoid them. 1. Focusing too much on charges In these difficult times we all want things to be as cheap as possible, why pay more than you have to? But when it comes to a SIPP focusing solely on charges is wrong, it shouldn’t even be the first thing you look at; start filtering the vast number of SIPPs by looking at investment flexibility first and then consider charges. For example, if deposit accounts play ...

FSA to review SIPP provider due diligence over UCIS concerns

The Financial Services Authority (FSA) is to conduct a review into the due diligence requirements of SIPP providers amid mounting concern over the sale of UCIS (Unregulated Collective Investment Schemes). Unregulated investments As the name suggests UCIS are investment schemes unregulated by the FSA, although Independent Financial Advisers, who may advise on UCIS investments and product providers, for example companies who run SIPPs which may accept UCIS investments, are regulated by the FSA. Over the past few months UCIS have come increasingly under the spotlight, both because of how they are marketed and the actual products themselves. There is mounting concern over the viability ...