XPS SIPP commercial property investments jump to £1.5bn

The firm said the 87% increase was driven largely by the acquisition of Michael J Field Consulting Actuaries in February 2022. There was also organic growth in the asset class stemming from new client wins. Of the new clients brought on board in 2022, 78% came in through self-invested personal pensions (SIPP) and 22% via small self-administered schemes (SSAS). XPS said more than 200 purchases were made during 2022, increasing the total portfolio to nearly 3,700 properties or pieces of land. XPS Pensions Group reported growth in its SIPP and SSAS business of 57%, from £2.8m to £4.4m...