Protected Rights SIPPs

Protected Rights SIPPs

Providers have welcomed the Department for Work and Pensions (DWP) decision to give the go-ahead for protected rights to be held in SIPPs.  Mike O’Brien, minister for pensions reform said, the new rule which comes into play in October, would give more flexibility and investment choice to people taking an active interest in the management of their pension fund.  It will also be easier for individuals to transfer funds between different types of pension schemes.

We suggest that the changes represent progress in making pensions clearer for all with greater planning opportunities.

Useful links:

Learn more about Protected Rights and SIPPs and related topics in the Pensions Adviser Channel

Request expert financial advice now

Purchase guidance on financial planning in the Money Shop 

Back to News Summary