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

Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read