High turnover expected on Sipps for first year

A survey conducted at the Property Investor Show finds £1.75bn from the above figure is expected to displace existing pension investments, with the remaining £4.75bn representing a growth boost and taking the UK annual private pension contribution of approximately £70bn up by 7%. New pension rules will enable investors to use their pension funds to buy residential property both in the UK and overseas. Director at financial management company Astute, Justin Jordan says there is already an increase in activity within the market. He says: “Many of our clients are already making moves to ...