SIPP providers 'favour prisons over private equity'

A study conduced by private investment syndicator Hotbed found 21% of providers refuse access to private equity, but may allow investment in prisons and hotels. It says this is despite the Government relaxing the rules on SIPPs two years ago to allow alternative investments such as unquoted companies. In addition, Hotbed says more than half of the SIPP providers that do permit access to private equity claim unquoted companies has been a growth area for them. “Not allowing investors to exercise their own freedom of choice within the rules set down by the Government undermines the whole co...