Self investment of protected rights will bring a whole new flexibility to retirement planning. However, Richard Ellis points out some of the potential hurdles
The DWP confirmed in June this year that protected rights funds will be available to all SIPPs from October. Recent press coverage has estimated that the protected rights market could be worth as much as £100 billion and with so much uncertainty surrounding this issue it makes sense to introduce a level playing field. Before we can fully understand where we are today and what may happen from October 2008, I feel it is important to go back to basics and look at the history of SIPPs and protected rights. Reading the recent headlines you might be forgiven for thinking that self-investment ...
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