On Friday 27th June, the DWP released their response to the consultation paper regarding allowing protected rights into SIPPs.
They have confirmed that SIPPs will be able to accept protected rights and be used to contract out OF S2P from 1st October 2008.
Protected rights money will be permitted to invest in the full range if investments, including commercial property. There will still be a requirement to ring fence the protected rights monies.
The regulations to allow these changes will be made in July.
Just thought this might be of interest to some of you as i think the subjects been raised once or twice.
They have confirmed that SIPPs will be able to accept protected rights and be used to contract out OF S2P from 1st October 2008.
Protected rights money will be permitted to invest in the full range if investments, including commercial property. There will still be a requirement to ring fence the protected rights monies.
The regulations to allow these changes will be made in July.
Just thought this might be of interest to some of you as i think the subjects been raised once or twice.
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