View more on these topics

MPs: Local govt pension schemes should target residential property

MPs say local government pension schemes should consider investing in residential property to encourage institutional investors to follow suit and boost funding for housebuilding.

The communities and local government select committee published a report this week on financing new housing supplies.

It says 232,000 new homes a year are needed but the private sector has never delivered more than 150,000. It identifies a lack of finance as one of the biggest barriers to increasing housing supply.

Committee chairman Clive Betts says: “Pension funds and large financial institutions have a blind spot when it comes to housing but could deliver a significant number of new homes for rent and achieve a steady return on their investments. Public sector bodies and housing associations must encourage such investment.”

The report says Sipps could provide finance for rented housing and calls on the Government to asses the risks and benefits for investors and to bring forward proposals to help with such investment.

Hunter & Co director Robin Hunter says: “Investments should be made for economic reasons, not social ones. If returns are inadequate, it will hit pension funds.”

Recommended

Shipman buys Devon HNW specialist firm

IFA firm Shipman Financial Planning has acquired CMC Financial Services. CMC specialises in advising high-net-worth clients in East Devon, around its Budleigh Salterton base, and has over £25m in funds under management. The CMC deal follows Shipman’s acquisition of C&M Financial Services in 2009. The sale was prompted by the retirement of John Pratt, who […]

4

FSA likely to delay platform fund information rules

The FSA’s investment policy team is recommending the FSA board delays the implementation of client reporting requirements for platforms until the end of 2013. In its August policy statement, the regulator stipulated that from January 1, 2013 platforms will be required to provide advised and non-advised investors with the information and notifications they receive from […]

Osborne to outline ICB banking reform in June

Chancellor George Osborne will set out plans for structural reform to the banking sector in line with the recommendations of the Independent Commission on Banking in his Mansion House speech next month. Osborne is set to deliver his speech on June 14. The move is expected to be signalled in tomorrow’s Queens Speech. The Treasury […]

Williams de Broe chief exec steps down

Williams de Broe chief executive Philip Howell has resigned and has been replaced by Investec Wealth & Investment chief executive Jonathan Wragg. The integration of Investec Wealth & Investment with Williams de Broe is expected to conclude next March. Howell has stepped down with immediate effect and Wragg will take the position of chief executive […]

Five ways to invest in the connected world

Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com