The changes in the rules affecting residential property as an investment will result in a reduction in the amount of self invested personal pension (Sipp) business according to new research published today.
The IFA Census, conducted by NMG research in conjunction with the Association of Independent Financial Advisers (Aifa), reveals 60% of IFAs believe they will see a reduction in the amount of Sipp business they would otherwise have written. Within this number 29% feel the rule changes will “significantly reduce” the amount of Sipp business they write, while 31% feel the will “slightly reduce” their prospective business. However in the study, carried out just days after the pre-Budget announcement, the changes affecting other more esoteric assets, such as fine wines and vintage cars, seem l...
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