The Department of Work and Pensions have announced (27th June) from October
investors will have more choice on where to invest their Protected Rights.
The Minister for Pensions Reform Mike O’Brien has announced protected rights can
be transferred into Self-Invested Personal Pensions (SIPP’s)
With over 6 million investors, we could see a second wave of SIPP as the protected
rights funds – which tend to be relatively inflexible, and have a history of underperformance
– are opened up on 1st October 2008. Much of this money will flow into SIPPs as
UK consumers look to take control of their retirement planning.
Bestinvest is at the forefront of this market as we can offer flexibility, a low
cost charging structure and a range of options in which to invest these monies.
Register now to receive updates and be the first in line to receive an application
pack to move your pension fund across and benefit from the new rule changes: