The government's u-turn on sipps will not affect Standard Life's flotation next year "one iota" according to John Lawson, but he warns it could break smaller companies if legal action is taken by disgruntled clients.
As head of pensions policy at Standard Life, Lawson believes residential property was always going to be a small element of the sipp market, and the u-turn will not be a big deal at all as sipps are still particularly valid, especially for those who are members of employer share schemes. He said it was some disappointment residential property would not be included, but this came from a "fringe element" of the population, and that their biggest disappointment is that it had created a positive talking point in pensions. “It’s not a big delay in form of market value and I don’t think it will...
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