Protected rights changes further 'nail in coffin' for Ssas market

Recent Government proposals on protected rights money will deal another damaging blow to the Ssas ma...

Recent Government proposals on protected rights money will deal another damaging blow to the Ssas market, Standard Life has claimed. The group said the recent paper confirmed what was already known on the Sipp side but made it clear Ssas will miss out on a £100bn protected rights bonanza. This latest set of proposals forms the Government's response to feedback on its consultation covering self-investment of protected rights money. These assets come from National Insurance rebates by contracting out of the state second pension. Personal pensions receive rebates of between £2bn and £3...