Bond wrappers supply choice and admin perks

A-Day has given an extra boost to offshore bonds in that there are no longer rules in place that bar Self Invested Personal Pension (Sipp) trustees from investing in them. Originally, the position for Sipps investing in insurance-linked funds was that it was permitted as long as Revenue approval was obtained beforehand. This changed in 2001 with the enactment of SI 2001/117 - Personal Pension Schemes (Restriction on Discretion to Approve) Permitted Investments Regulations 2001. These contained provisions that only permitted unit linked insurance contracts if the provider was EEA resident,...