Octopus Choice’s P2P loans now available within a SIPP

By Daniel Lanyon on Tuesday 15 October 2019

Alternative Lending

SIPPs have increased in popularity in recent years, following the introduction of pension freedoms in 2015.

Octopus Choice’s P2P loans now available within a SIPP
Image source: Pexels

Investors looking to add peer-to-peer lending exposure to their pension portfolio can now do so with Octopus Choice.  

The firm has announced that its P2P investment platform is now accessible within a SIPP wrapper.

Other P2P lenders offering Self Invested Personal Pensions (SIPPs) include RateSetter and many others have said they are preparing to launch offerings, plans that have been a long time coming. 

Octopus Investments, part of Octopus Group. has partnered with specialist pension providers, Hartley Pensions (a Wilton Group Company) and Morgan Lloyd, who are the first providers to offer access to Octopus Choice within a SIPP (self-invested personal pension).

The move, the firm says, follows increasing demand from financial advisers and direct investors who want to access P2P lending within a tax efficient pension wrapper.

Charlie Taylor, Head of Octopus Choice, says many advisers and their clients have been asking for SIPPs that include P2P loans.

“Property backed peer-to-peer lending is an alternative asset class that aims to offer lower volatility than equity markets and targets regular income. Octopus Choice, for example, aims for the equivalent of 4 per cent per annum. These qualities can make it an attractive option for certain people, comfortable with the risks of the asset class, who want to diversify their SIPP portfolio.”

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