Sipp property rules unfair

UK pension law puts Sipp investors with money in illiquid assets, such as commercial property, at a disadvantage because of the requirement to buy an annuity at age 75, according to providers. In effect, they are being forced to cash in highly illiquid assets purely because of age rather than because it is the correct point in the investment cycle. Speaking at the Investment Week Sipp Seminar held in London last month, Steve Conley, head of marketing development, investments and pensions at Sipp provider James Hay Pension Trustees, said compulsory annuity purchase at age 75 is especiall...