A pensions specialist is challenging calls from a Conservative councillor to lifts restrictions on residential property investment in SIPPs, stating some issues must be "carefully thrashed out" first.
Lisa Webster, a technical consultant at Hornbuckle Mitchell, said the move, proposed by councillor John Moss last week, could be a risk for some investors. Writing on the ConservativeHome website, Moss - who co-authored a report titled ‘Principles for Social Housing Reform' in 2009 - said that allowing SIPP savers to invest in residential property would boost the rental housing market. Although Webster concedes that allowing the residential property investment could boost pension savings, she said there are many grey areas and nuances that would "need to be carefully thrashed out" bef...
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