Time of change for the SIPP market

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John Moret discusses how the coalition government may affect the SIPP market

When I agreed to draft this article I had no idea that we would witness such extraordinary post-electoral developments culminating in the first coalition government and cabinet for 65 years. One immediate benefit has been the publication of a "coalition agreement" which describes policy issues where agreement has been reached. In the context of SIPPs I would suggest that there are two important issues that are covered in the initial agreement - as follows: • To end the rules requiring compulsory annuitisation at age 75 • Increases in capital gains tax rates for non-business assets ...

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