Westerby's to accept Protected Rights
04-04-2008

The Department for Work and Pensions (DWP) consultation on whether SIPPs will be allowed to accept Protected Rights closed on 29th February 2008.

Early indications are that there will be little opposition to the concept, which will allow full self investment of protected rights with effect from October 2008.

We can therefore confirm that we will be accepting protected rights transfers into our SIPPs as soon as it is legally allowed.

This will end the need for our clients to maintain a separate protected rights policy elsewhere, allowing them to consolidate all their pension provision into one easily manageable plan that provides full investment and retirement flexibility.