The Sipp Provide Group (Spg) has responded to Lord Oakeshott's claims last week that conusmers believed they would be able to put their own homes, buy-to-let and oversea properties into a Sipp without the checks and balances that might be necessay.
In a statement the Spg says: Barry Bolland, chairman of the Spg attended the reception last week. He spoke to Lord Oakeshott after he had given his speech to point out that the Spg has been making considerable efforts to try to put across the message that despite the banner headlines of Sipps being able to invest in the member’s own home and foreign property (and other more esoteric investments) from 6 April next year, this is unlikely to be as widespread as is being suggested. The previous chairman of the Spg indicated earlier this year the suggestion that thousands of people are out t...
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