Dentons has reported an increase in the number of esoteric investment requests it has turned down as unsuitable for client self-invested personal pensions (SIPPs).
The SIPP provider said its investment committee had seen a marked increase in the number of client requests to include unregulated investments in their pension. Director of technical services Martin Tilley said many of the investment requests "just do not stack up" after closer scrutiny. He said clients' desire to diversify their SIPP portfolio away from traditional asset classes had prompted the move towards unsuitable funds which offer massive returns. Tilley said: "We run an investment committee here, when people come and ask if they can invest in things such as commercial prope...
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