Budget 2013: Govt to consult on residential property for pension investment

If implemented, this reform could radically affect self-invested personal pension schemes [SIPPS]. Under current investment rules, SIPPs cannot invest in residential property. Documents to accompany the 2013 Budget said: "The government will explore with interested parties whether the conversion of unused space in commercial properties in high streets and town centres to residential use could be encouraged by amending Investment Regulated Pensions Schemes rules. Any amendments would need to be consistent with sound public finances and the government's wider pensions strategy." Martin T...