Do SSAS need pensioneer trustees?

Like the now extinct dinosaurs that once roamed the earth, pensioneer trustees (PTs) once dominated the SSAS market. It was, after all, a requirement of the Inland Revenue that each SSAS required a PT to be approved at the outset and to continue to operate. In 2006, Her Majesty's Revenue & Customs (HMRC) removed this requirement and indeed did away with the role altogether replacing it with a potentially more onerous role, the scheme administrator. Several PTs, seeing the potential liabilities of the new role, opted out of the market leaving "orphaned" SSAS clients and it was also ...