Another SIPP provider suspends overseas property investments

Laura Miller
clock

Berkeley Burke SIPP Administration has revealed that it has stopped accepting overseas property into its self-invested personal pension (SIPP).

Berkeley Burke said a management decision was taken not to allow overseas property into its SIPP in December of last year. The move became effective on 12 January. Explaining the decision, Brad Kilbane, head of risk and compliance at the provider, said: "The management team considered the risks involved with this type of investment were higher than our appetite would allow in the current environment." The firm joins SIPP provider Dentons in suspending investment in overseas property. Martin Tilley, director of technical services, Dentons, said the provider has not accepted off-plan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

'A challenge that must be faced': Closing the gender pension gap

'A challenge that must be faced': Closing the gender pension gap

Latest DWP gender pension gap figures make 'uncomfortable reading'

Caitlin Southall
clock 05 September 2025 • 4 min read
Reeves to consider £2bn raid on tax-free pension lump sum

Reeves to consider £2bn raid on tax-free pension lump sum

Telegraph reports PCLS cut could help plug £50bn public finances hole

Jonathan Stapleton
clock 21 August 2025 • 3 min read
State pension age review: Govt launches call for evidence

State pension age review: Govt launches call for evidence

UK faces long-term demographic pressures

Jenna Brown
clock 18 August 2025 • 2 min read