CITY TRUSTEES : Disagrees with proposed restrictions in SIPP investment freedom
There is a call for a permitted investment list for SIPPs and City Trustees, part of Mattioli Woods plc, disagrees. City Trustees takes the view that additional and ongoing due diligence is required for non-standard assets, but that such investment flexibility is fundamental to the very idea of a SIPP.
City Trustees has taken the matter to the media – full details here
Ed Carey, Managing Director, commented:
“Many SIPP providers are refusing to consider accepting non-standard investments in a pension scheme. This flies in the face of one of the key attractions of a SIPP; its ability to hold a wide range of investments.”
If you would like to talk through:
- The impact of the FCA’s recent thematic review concerning non-standard investments capital adequacy
- Due diligence and monitoring requirements
- The proposed restrictions to investment freedoms in SIPPs
- And how City Trustees propositon could help you and your clients
contact Mike Kempster - Telephone: 0116 240 8730 MB : 07968 198262 or Email: [email protected]
