More than a fifth (21pc) of providers are still refusing to allow investors to hold private equity within their SIPPs, despite significant investor demand, according to research from Hotbed.
The research also revealed that the majority (53pc) of those SIPP providers that do allow private equity said that investing in unquoted companies has been a growth area for SIPPs since A Day in April 2006. However, even of those that do allow it, almost half (47pc) said that they imposed additional restrictions on unquoted company investments, with many imposing a maximum limit on the proportion of the portfolio that can be allocated to private equity. Claire Madden, director of Hotbed, said: "Not allowing investors to exercise their own freedom of choice within the rules set down by th...
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