Hip hip boo-ray

Should the changes to Protected Rights rules from 1st October be given three cheers or a chorus of boos? The answer to this question depends on whether you are a saver, a SIPP provider or an insurer already sitting on many millions of pounds. By allowing Protected Rights to be invested in trust-based SIPPs for the first time, the Government has removed an anomaly and potentially opened the floodgates for a major migration of pension assets. It is estimated that there is as much as £100 billion in Protected Rights cash with some individuals sitting on pots worth £50,000 or more. These sums...