T&G in property initiative

Sipp holders will be able to invest in residential property for the first time under a scheme offered by Teather & Greenwood. T&G has established a separate property investment company, Property Investment for Pensions (Pipp), to attract inflows from pension funds into the London property market. The idea behind the fund is to give private investors access to London's buy-to-let market without them having to take on the burden of actually becoming landlords. Pipp is due to be listed on Aim in late April 2003. The Inland Revenue has confirmed that shares in an Aim-traded company that ...