Pensions Backlash Against Brown Chancellor Criticised for Shelving Plans to Put Property Into Sipps
The Herald › December 07, 2005
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Summary
THE backlash against Gordon Brown's U-turn on pension plan investment in residential property continued yesterday, with the industry complaining about wasted time, dashed hopes, and eroded confidence.
There was also criticism of the unseemly dash by some providers to sell self-invested personal pensions (Sipps).See the full content of this document
Extract
Pensions Backlash Against Brown Chancellor Criticised for Shelving Plans to Put Property Into Sipps
"The property U-turn on Sipps is a classic case of bad timing, " said specialist lender UCB Home Loans, a subsidiary of the Nationwide Building Society.
Keith Astill, managing director, said the decision was c...See the full content of this document
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