Government allows Reits in Sipp and Isa portfolios

UK Reits will be eligible for pension funds, including Sipps, from launch next year, providing the s...

UK Reits will be eligible for pension funds, including Sipps, from launch next year, providing the scope for residential property exposure removed in the pre-budget report. Unit trusts, Oeics and insurance funds that hold property will also be viable assets for pensions, with UK Reits to be eligible for Isas. Meanwhile, the Chancellor has paved the way for split capital UK Reits in Budget proposals, although the AITC has still deemed the planned vehicles commercially uncompetitive. In the details of revised proposals for the vehicles, which can now be created from January, the Government...