Pointon York opens doors to protected rights

The changes, which come into effect from 1 October, allow those investors who have built up a protected rights fund through contracting out of the State Second Pension to transfer all their monies into a SIPP. Pointon York also says investors are able to borrow against protected rights values from 1 October. James Hay and Fidelity FundsNetwork have also recently said they will allow protected rights investment in their SIPPs while other providers, including Suffolk Life, have allowed the move for almost a year. Pointon York has produced a factsheet to ensure investors understand the new ...