Proplend has recently been approved by pension providers to accept investments from holders of Self-Invested Pension Plans (SIPPs), Small Self-Administered Schemes (SSASs) and other pension funds.

Pension fund investors will, in future, have access to a new asset form and at the same time benefit from the interest earned from loans arranged through the Proplend platform, which will accumulate free of Income Tax.

Brian Bartaby, Proplend founder and CEO, said: "Pension investors who have historically been able to invest directly in commercial property, will now be able to benefit from the relatively high returns offered by lending to the owner of a commercial property without being taxed. It moves the pension investment lower down the capital structure from being an equity investment, (higher risk), to being a debt provider, (lower risk). It also opens the way for much-needed funding to reach the commercial property sector."

Proplend is a niche P2P business lending platform that focuses on income earning commercial property.