Suffolk Life: Advisers should consider pooled property purchase

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Pooled commercial property purchase is a missed opportunity for advisers, according to Suffolk Life research.

A poll of 250 advisers on the use of commercial property for clients within a SIPP revealed 38% have recommended a joint commercial property purchase. In comparison, 70% recommended a SIPP for a sole commercial property purchase. Claire Trott, pension technical manager at Suffolk Life said pooled investments could: "provide advisers with a business opportunity to help local businesses or individuals that previously may have thought they were not in a position to purchase their premises." Suffolk Life has seen an increase in business and family members pooling their funds to purchas...

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