Phil Clarke, technical services manager at Rowanmoor Pensions, explains why lesser-known family SIPPs can be a valuable addition to a client's retirement planning.
Commercial property investment via a self-invested personal pension (SIPP) has dramatically increased in popularity in the last few years but a SIPP, which is heavily weighted towards commercial property, may limit choices should a client's circumstances change. There is often a need to maintain liquidity within a fund should cash assets be needed to pay benefits in the event of retirement or death. However, such an event may happen before enough liquidity has been built up, preventing the SIPP from making a payment. A solution to this problem could be the pooling of resources with ot...
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