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

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read