SIPP provider with most flexibility on comm'l property?

[a_bread]

I have got to the stage where I know I want/need a SIPP and it is optimal for me (i.e. size of pension assets and my plans for managing those assets).

However, I don't know much about the relative merits of the different providers. Which is likely to be the most accommodating / most expert, in terms of dealing with commercial property?

I understand that some are so risk averse, re. legal risk and SIPP provider's liability, that they build their own comfort zone far inside the boundaries of legislation, excluding various options that are potentially permissible under the law but which they won't touch.

Any advice greatly appreciated.

Thanks

[DonkeyApple]

The majority of SIPPs are just white labels of 3 main suppliers, SippDeal, James Hay and one that is so renowned for being useless that I can't recall (AML or similar).

SippDeal are the best for equities and that is pretty much all they cover.

James Hay are the firm best renowned for general SIPPs and certainly the majority of people I have come across with commercial property in their SIPP are using James Hay without complaint.

They cost more than average but seem good. Most other offers are still a James Hay product behind the scene.

I'm not a pensions specialist or an IFA so I'd wait for one of those dull guys to crop up and shoot me down or add more.

[Beardy10]

I have/had a few commercial property assets in my SIPP....syndicated deals where I effectively own a % of a specific building.

My SIPP is with these people https://www.transact-online.co.uk/ They only deal with IFA's so you need to find an IFA that uses them. I know it isn't a white label as I looked into this when we were going through the financial crisis...wanted to know where cash was deposited etc. I've been very impressed with their flexibility, I've bought some very esoteric assets in my SIPP (deeply distressed bonds issued by Japanese Consumer Finaance Co's and Structure Credit MTN's amongst others) which have all been handled without a problem. You can also have your ISA with them plus cash or shares outside of ISA's, SIPP's etc

I'm not one of those dull blokes either....just someone that has a SIPP!

Edited by Beardy10 on Wednesday 10th November 20:31

[Nuclearsquash]

DonkeyApple said:

James Hay are the firm best renowned for general SIPPs and certainly the majority of people I have come across with commercial property in their SIPP are using James Hay without complaint.

They cost more than average but seem good. Most other offers are still a James Hay product behind the scene.

I used to work for James Hay, we certainly had a good reputation in the market. They were (not sure if they still are) part of Santander.

[flyingjase]

I was recommended Suffolk Life by Grant Thornton last year when we bought a commercial property and it all went very smoothly. Apparently they specialise in property SIPPS

[a_bread]

Thanks guys, this is all helpful stuff and gives me some good directions for further investigation.