Fit and proper: Why SSAS administration needs to get serious

Fit and proper: Why SSAS administration needs to get serious

Jenna Towler
clock

Rightly or wrongly the SSAS market is seen as the least regulated part of the pension industry, meaning providers need to up their game when it comes to due diligence, writes Jenna Towler

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Why waiving the right to tax-free cash is not a straightforward decision

Why waiving the right to tax-free cash is not a straightforward decision

Depends on a number of factors

Lisa Webster
clock 14 May 2026 • 3 min read
King's Speech has limited impact on pensions

King's Speech has limited impact on pensions

Pensions UK says there may be pension implications from other aspects of the legislative programme

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Pensions and divorce: Where advisers can add the most value

Pensions and divorce: Where advisers can add the most value

'A pension is not simply another line on a balance sheet'

Tim Latham
clock 12 May 2026 • 4 min read