Oakeshott concerned about Sipps

Speaking at a meeting organised by PIMA, the Pep and Isa Managers Association, yesterday, Lord Oakeshott has said he was still trying to tease out details from the Treasury on the expected impact of new rules coming into effect on A-Day next year. Suggesting the Treasury does not itself know the answers, Oakeshott says consumers of Sipps are already getting skewed messages, citing the example of print media advertisements for Thompson Holidays situated next to advertisements for foreign property. This, he says, indicates the scope for people to put their own homes, buy-to-let or “jet-...