Pointon York is to use the Origo Options Transfer service it all pension transfer business it conducts.
Advisers and agents selling clients investments in Caribbean villas run by Harlequin Property received commissions of up to 15%, according to a lawyer close to the situation.
Phil Clarke, technical services manager at Rowanmoor Pensions, explores the "explosion" in SIPPs...
I was catching up with the latest posts on the social network and noticed that our hosts in the alpine resort of Le Chinaillon had cleared the decks and the freezers and oiled the woodwork ready for the summer, only to wake next morning to several centimetres of snow.
The last government made changes to the borrowing rules for UK Registered Pension Schemes which effectively excluded the purchase of commercial property.
The changes were introduced as a precursor to enabling residential properties to be permitted as a pension scheme investment. The residential property changes were never implemented and a distortion of the pensions investment market has endured.
Commercial properties not only include industrial and warehousing properties but also smaller properties such as pubs, shops, Post Offices and farms.
James Hay proposes that the regulations should revert to a similar position to that pertaining pre 2006. The changes proposed would be revenue neutral for HM Treasury but provide an additional source of funding for smaller businesses throughout the land.Back to the Future: Pension Funding for Commercial Property
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