Abbey and Knight Frank are offering a 10-year residential property plan giving investors up to 200 per cent of growth in the UK housing market over the period.The Dublin-listed product tracks the Halifax house price index and offers a capital guarantee. It is eligible for Sipp inclusion and aims to give investors exposure to the UK residential property market without the risks of buy to let. The A-Day proposals for pension reform have led to an increase in investor interest in placing residential property in pension plans but will not take effect until April 2006. The product is eligible for Isa inclusion and has a 3,000 minimum investment. It will offer 3.5 per cent commission with no initial or annual charge. The offer period closes on November 4. Knight Frank corporate finance chairman Robert Hannington says: “After the hiatus in the equities’ market over the last few years, the UK investment environment has chan-ged. The plan offers a way for grandparents to get their grandchildren onto the property ladder and plan for inheritance tax.” Bates Investment Services head of investment James Dalby says: “With a low minimum investment, this offers good opportunities for Sipp exposure to residential property without the risk of BTL.”
The social policy research organisation says these properties tend to be in rural areas with hugely below-average owner-occupier rates as local people are priced out of buying homes. The wide-ranging research, which covers housing, employment, health, education and welfare, also reveals a “work rich” and “work poor” divide. While unemployment in the key financial districts, […]
Savills plc is reporting a strong first half result showing pre-tax profit of 19.9m, up 15 per cent on 2004 results. The property group’s interim results to June 30, 2005 show a turnover of 158.2m up 12.7 per cent on 2004 results. Basic earnings per share for the period rose from 23.5p last year to […]
The Pension Protection Fund board has taken responsibility for the Fraud Compensation Fund, which replaces the Pensions Compensation Board. The fund will provide compensation to occupational pension schemes that suffer a loss that can be attributed to dishonesty.
Norwest Consultants principal Harry Katz suggest 12 reasons to be cautious of the hype over putting property in a Sipp
New research has revealed that the highest percentage of opt-out rates in auto-enrolment is made up of 22- to 30-year-olds (28.49 per cent of 2,102 people surveyed, who chose to opt out of schemes, were in this age bracket).
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]
The FCA scrutiny of the asset manager continues apace, with attention now turned to closet tracker funds. Following regulatory lessons and actions already seen in Scandinavia, it has ordered unnamed asset managers to pay out £34m in compensation to investors for overcharged fees. At least one group is facing enforcement action over “very misleading” marketing […]
The FCA has told advisers to make clients aware of their right to refer complaints to the The Pensions Ombudsman, not just the Financial Ombudsman Service. Currently, advisers must notify clients that they can complain to the FOS if they believe they have been miss-sold, but are not required to signpost TPO. While complaints over […]