Pensions

RUN THE RULE

Cashflow problems could see investors struggle to pay rent on commercial properties held in SIPPs.

A group of Harlequin Property investors is seeking to agree a process with the company to facilitate the review of all investments through self-invested personal pensions (SIPPs) or those which have utilised a re-mortgage.

Self-invested personal pension (SIPP) operator Hornbuckle Mitchell is to close its regional office in Holmes Chapel, Cheshire.

Wealth manager Mattioli Woods has acquired the pension administration business of Ashcourt Rowan in a deal which could be worth more than £1.3m.

The Financial Conduct Authority (FCA) has banned Kevin Wells, the managing director of Montpelier Pension Administration Services, from performing any significant influence function at any regulated firm, and also censured him.

SIPPclub has launched a one month campaign to gather feedback on whether residential property should be held in a SIPP.

Investment company Green Oil Plantations, which raised £24.4m mainly through self-invested personal pensions (SIPPs), has entered administration.

Robert Graves discusses the financial planning benefits of using SSAS

As the capital adequacy argument continues to rage in the SIPP industry, Mike Morrison looks at the key issues.