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: 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 ...

Guest Blog: Looking for more pension flexibility? Is a SIPP or SSAS the right option?

XafinityIn this month’s blog for Investment Sense, Jeff Steedman, Head of SIPP & SSAS Business Development at Xafinity outlines the key differences between SSAS (Small Self-Administered Scheme) & SIPP (Self-Invested Personal Pension) and what market trends they are seeing in today’s self invested pension market. Emerging trends in 2014 in the SSAS & SIPP world SIPP & DFM (Discretionary Fund Manager) There are many advisers who are deciding against “fund picking” and this is leading to an ever increasing use of DFMs. The low cost “simple SIPP” structure offers the perfect wrapper ...

Guest Blog: SIPPs and SSASs: Property purchase making a comeback – how can we help?

XafinityXafinity has been helping advisers and clients invest in property for some 35 years and has seen this type of investment grow consistently in recent years, with 2013 setting a new record. That said there are, of course, many thousands of directors of Small and Medium sized Enterprises that are yet to see the potential advantages of buying their company premises in 2014 using their existing pension plans. Once an opportunity has been ...