Your investment choices

We now need to ensure that your proposed investment can be held within
a Dentons SIPP.

Which asset classes do you propose to invest in?

Dentons offers one of the widest ranges of assets that can be held in a SIPP. Please click on the links below to determine which asset you would like to hold in your SIPP. Some 'non-standard assets' will require additional information BEFORE you can apply for a Dentons SIPP. If after completing the relevant forms you are unsure as to whether a specific asset is suitable, please contact us via SIPP Chat.

Please note: If you require 'non-standard assets' and we have already confirmed these as suitable to be held within a Dentons SIPP, please click on the 'Apply Online' button below to go straight to the online Application form.

Standard assets

We consider the following assets to fall under the category of 'standard'.

Please view a list of some pre-approved investment managers.

Funds and equities

  • Stocks and shares listed or dealt on any HM Revenue & Customs (HMRC) recognised stock exchange, including: equities, fixed interest securities issued by governments or other entities, debenture stock and other loan stock, permanent interest bearing shares and convertible securities

  • Alternative Investment Market (AIM)*

  • Equities traded on a recognised overseas stock exchange

  • Offshore funds recognised by the Financial Conduct Authority (FCA)

  • Trustee investment bonds

  • Authorised unit trusts that do not hold residential property

  • Shares in investment trusts

  • Authorised open ended investment companies (OEICS).

*Although the AIM market is not regarded as a recognised stock exchange, we treat AIM listed shares as a standard asset. Please refer proposed AIM shares to our Technical department.

Deposit accounts

  • Deposit accounts with any authorised financial institution.


  • UK commercial property (including land, whether development land, farmland or forestry). More complex arrangements include where there are multi-participants and/or where a mortgage is required. Our Commercial Property Questionnaire will need to be completed in all cases.


  • Borrowing can be taken out by the pension scheme trustees to help buy a permitted asset provided it is on commercial terms and within HMRC limits. Borrowing is limited to 50% of the SIPP or SSAS fund value. 


  • Endowment policies traded by a person regulated by the FCA (traded endowment policies or TEPs)

  • Depositary interests (including CREST depositary interests)Insurance company managed funds and unit-linked fundsReal estate investment trusts (REITs)

  • Exchange traded funds (ETFs) (Legal Entity Identifiers may be required)

  • Investment grade gold bullion (subject to conditions)National Savings and Investments products (NS&I).

Non-standard assets

Dentons has a very robust due diligence process for the acceptance of all non-standard assets. Dentons will require comprehensive information and to approve the following assets, before they can be held within a Dentons SIPP.

UK commercial property would usually be treated as a standard asset but more complex cases may be considered non-standard. In ALL cases, we will require completion of our commercial property questionnaire. Please click on the links below.

We treat Alternative Investment Market (AIM) shares in the same way as for unquoted shares, however, as these can be more easily realised than unquoted shares, we do not restrict the amount that can be held within our SIPP. 

Click on the tabs below to apply or find out more. If you have more than one non-standard investment, you will be able to complete additional, or alternative forms. For other non-standard assets, please read more.

Commercial property
Unlisted shares

Commercial property

Commercial property can be treated as a standard or non-standard asset. Property investments that are likely to fall into non-standard include more complex arrangements, those with multi partners and where mortgage lending may be involved. In these cases the ability to sell or transfer the property within the 30 day FCA deadline is unlikely.

For all cases we will require completion of our questionnaire. Please complete the 'Commercial Property Questionnaire' to continue.

More information

Unquoted equities

Unquoted equities are shares of a private limited company which are not traded on a recognised stock exchange, such as the London Stock Exchange.

We will permit investment in UK registered unlisted companies but will not hold investment in overseas unlisted trading companies unless it is a company structured purely as an investment vehicle. Such collective investments are subject to individual approval.

For all cases we will require completion of our questionnaire. Please complete the ‘Investment Questionnaire’ to continue.

More information


SIPP schemes can make loans as investments but restrictions apply in certain circumstances.

For all cases we will require completion of our questionnaire. Please complete the ‘Investment Questionnaire’ to continue.

More information

Unacceptable assets

Although we always aim to be as flexible as possible enabling clients to take advantage of a wide range of investments opportunities, there are some assets that we do not accept within our SIPP:

  • Taxable property – defined by HMRC as residential property and tangible moveable property (including personal chattels)

  • Commodities

  • Overseas commercial property and land

  • Overseas unquoted equities

  • Off-plan hotel developments

  • Bed & breakfast units

  • Loans to members or persons connected with a member

  • Carbon credits

  • Cloud lending

  • Land banking

  • Storage pods

  • Litigation funding

  • Individual hotel rooms

  • Individual contract for difference and foreign exchange accounts

  • Fututes, warrants, options and binary options.

If you have any queries as to whether Dentons will accept an investment, please contact us via SIPP Chat.