Birketts has been appointed to a panel of three law firms to manage the acquisitions and disposals of commercial property, the primary investment vehicle used by SIPPs which have shown significant growth over recent years due to their greater flexibility over standard pension arrangements.
Dominic Savage, Suffolk Life’s Director of Property, commented: “The combination of SIPPs and commercial property is a complex one. Advisers and investors are increasingly finding it difficult to access the appropriate expertise and experience they need from their legal representative, and the question ‘Can you recommend a solicitor to me’ is fielded by my team ever more frequently.”
Birketts will work with Suffolk Life’s clients throughout England and Wales and was selected due to their expertise and experience already gained in managing SIPPs.
All three solicitors have committed to a menu of fees for the services they offer and have agreed with Suffolk Life to provide the services in a bespoke manner benefiting both the end investor and their adviser.
Suffolk Life now owns in excess of 3,000 commercial properties on behalf of over 5,000 investors.
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