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How safe is my SIPP

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Latest post Sat, Oct 11 2008 11:21 AM by mctavish100. 0 replies.

  • Sat, Oct 11 2008 11:21 AM

    How safe is my SIPP

    Reply

     

    In the event of company becoming insolvent I am reading that the funds within any one Trustee SIPP are only protected up to £48,000 under the FSCS. How can this be true when funds within a SIPP are 'ring-fenced' which means that the assets of a SIPP are protected from creditors?

    Therefore 100% of the assets including cash, gilts, exchange traded funds or pension funds of any SIPP should be safe.

     
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