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JLT Sipp builds on New Europe Property

Jardine Lloyd Thompson is offering a Sipp which enables investors to hold buy-to-let properties in emerging markets such as Poland, Croatia and Bulgaria in their pensions.

The firm is also looking to team up with life offices that cannot provide access to more esoteric property markets as part of their Sipp offerings.

JLT already provides legal expertise for any EU or Florida-based buy to let but is expanding through building links with legal firms in a range of markets.

It says it will charge a maximum of 750 for transferring any property into its Sipp.

Managing director Duncan Howard says the group has agreements with several banks to help clients gear their portfolios.

He believes life offices are looking at Sipps as more traditional investment wrappers holding the likes of funds and equities but he believes specialist services will appeal to increasing numbers of investors, particularly as some European Union property prices offer arguably lower potential returns than those in countries which have recently joined the EU or which are likely to join in the future.

Howard says: “These markets are non-core and property transactions and administration costs may be more expensive but it is not that difficult.

“If life offices want to outsource this function to us, then we are happy to take the business.”

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