Green Light to Self Invest Protected Rights

Pensions minister, Lord McKenzie, has annouced that the rules restricting the investment of protected rights within SIPPs are to be relaxed. Protected rights are the monies held following a period of having been contracted out of the state earnings related, or second, pension scheme. It was also announced that the requirement to use unisex annuity rates when providing benefits from protected rights could be removed. No effective date for the change has yet been announced however.