Consultation on course despite sipp U-turn

Head of pensions policy at Standard Life, Lawson says there is a big question over whether the regulation will proceed after the announcement in the pre-budget report stating tax relief will be removed from residential property and esoteric assets such as fine wines, antiques and vintage cars. The consultation, Proposed changes to the eligibility rule for establishing a pension scheme, sets out four options for the regulation of sipps, one of which is a do nothing approach, but the favoured option from the government seems to be option three which would create a new regulated activity of ...