SIPP property fees unfair to investors - Suffolk Life

The SIPP provider said it spoke regularly with advisers who wanted to change provider but could not justify the cost of transferring commercial property. Greg Kingston, head of marketing, said: "It is not just the SIPP exit charges but the costs to transact the property disposal. Advisers are finding that the fees to sell the property from the old SIPP are significantly higher than the fees charged to transact the original acquisition. "Some of these fees will have been introduced since the SIPP was first established and, of course, the adviser needs to charge for their work too. Ther...