SIPP providers are being increasingly targeted for “loan buddy” business, a prime vehicle for pension leakage, warns Andrew Roberts, chairman of Association of Member Directed Pension Schemes (AMPS.)
A "loan buddy" is where two loosely connected parties lend to one another in tandem through their SIPPs. Roberts said: "You have to treat it with a pinch of salt if the loan is going to be unsecured...
The chairman goes a second round with the spirit of TCF
To give trust-based pension savers full access to pension freedoms
Manager of Japan Income fund
Also hired Milway from EFG Asset Management
New working group created