Fit and proper: Why SSAS administration needs to get serious

Small self-administered schemes (SSAS) have caught the attention of the less scrupulous investment retailers out there, according to one provider with experience of the problem. SSAS, mainly used by company directors of high net worth, are seen as being at the less regulated end of the pensions market and therefore more accessible to unregulated collective investment (UCIS) promoters. They are also under fire from the pension liberation movement. Dentons head of technical services Martin Tilley told Professional Adviser his firm had recently been approached by an investment firm offer...