Advisers shun SIPP commercial property options

clock

IFAs shunned commercial property facilities when choosing SIPPs during 2008 with their major priority being FSA approval for the products, according to figures from Defaqto.

Providers blame the current downturn in commercial property, but warn advisers to ensure they choose a SIPP which is ready to take advantage of the sector's resurgence. Defaqto's latest SIPP report exposed a number of key trends in how IFAs are searching for SIPPs using its research tools. One of the most noticeable developments was a greatly reduced appetite for property investment facilities, with pooled property, commercial property, solicitor options and annual property admin fees all seeing a major decrease in use as sifting criteria by IFAs. Rupert Curtis, managing director o...

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

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read
Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Report published as Reeves delivered inaugural Mansion House speech

Jonathan Stapleton
clock 15 November 2024 • 4 min read