Summary
THE pensions industry did not ask for it to be made possible for a selfinvested personal pension (Sipp) to be invested in residential property from April 2006. The government included this in its "pensions simplification" measures completely out of the blue, and very clearly said that it was going to make it possible.
By saying that it will happen, the government is responsible for all of the planning which providers, advisers and clients have made in response to the government's stated policy. Changing that policy in this way at this late hourmeans that all those who have needed to plan taking account of stated government policy changes have lost hours, days, weeks, months of work and planning, and millions of pounds in development costs.See the full content of this document
Extract
A Disgraceful Way to Behave Over Sipps
Gordon Brown's job is to look after this country's money. This coun...
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