Protected rights funds and SIPP

As we travel around the country talking to clients, the thorny issue of protected rights frequently comes up in conversation. A glimmer of hope for government u-turn which is possitive - the government has gone out to consultation on draft regulations which will allow self invested personal pension schemes to hold protected rights.Existing restrictions prevent protected rights – funds accrued from contracting out of the state second pension – from being held in self invested personal pensions and instead have to be held in insured funds, bank deposits or mutual funds such as OEICs.

posted by Chris Read @ 15:57