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Xafinity reports record year for Sipps property investments
Xafinity announced that 2013 saw a new high for the number of property purchases with an increase of over 43% on 2012.
It holds over 1,200 UK commercial properties within its Sipp and SSAS portfolios, and has predicted continued growth in the market this year.
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Jeff Steedman, Sipp and SSAS business development manager at Xafinity, said: "We continue to see high levels of activity in the Sipp/SSAS market with property investment remaining a firm favourite with directors of SMEs.
"Using their pension fund to buy the business premises often frees up other cash to invest in other parts of their business or reduce existing borrowing.
"However, there are many thousands of directors of SMEs out there who don't even know that their pension fund could buy the company premises.
"It is up to financial advisers, accountants and other professionals to regularly review their clients' pensions and explore opportunities for their pension to 'self-invest' into their company for the benefit of the individual and their company."
Advisers may consider it a good time to look at bricks and mortar, he added.