Rowanmoor Pensions has gained £73m in assets under administration for its Family Pension Trust since launch in October 2006.
Rowanmoor says 450 members have joined the discretionary trust, which functions like a small self-administered scheme (SSAS) while using personal pension principles, across 141 schemes.
Non-family schemes make up 11% of the Family Pension Trusts and commercial property investments currently account for 33% of the trust’s assets
Ian Hammond, managing director of Rowanmoor Pensions, attributes the take-up to the flexibility the trust offers, such as the scheme pension option at retirement.
He says: “The continued interest in commercial property as an investment option within the product shows that many investors still consider it a valuable long term investment, particularly as there is common ownership within the Family Pension Trust rather than joint ownership as would be the case within a group of self-invested personal pensions.”
Becky Taylor, director at IFA Dunham Financial Services, says “financially sophisticated” clients aged between 40 and 60 find the trust particularly attractive.
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