Advisers unsure on SIPP protected rights rules

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RESEARCH from Merchant Investors, the specialist pensions and investment provider, has revealed that more than three quarters of advisers are unsure of the current protected rights rules on self-investment in a SIPP.

For 78pc of advisers, the ability to self-invest protected rights is an area of great confusion, while 29pc believe that full self-investment of protected rights became available with FSA regulation of SIPPs in April 2007. However, only clients with an insured SIPP structure can self-invest protected rights – through a private managed fund linked to a personal pension policy – while trust-based SIPP schemes are still prohibited from doing so. While a fifth of advisers admit to not knowing this, 22pc understand that it is viable to self-invest protected rights if in possession of the ...

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