SIPPS – you can't drink all that fine wine, you know

In Britain there is increasing excitement among traders and lovers of fine wine at the looming changes to the UK tax system whereby from apr 06 Brits are to be allowed to invest in a much wider range of commodities, including fine wine, fine art and property, as part of their self-invested personal pensions (SIPPs). As you may imagine, many in the wine trade are trying to corner the market in what they view as blue chip investment wines, and potential investors are getting frightfully excited about the prospect of being able to sink large amounts of money into fine...