SSAS outsourcing to grow

Falling stock markets and competition pressures are going to force an increasing number of life companies to decide whether SSASs form part of their core operations, or whether they should be outsourced, according to Hazell Carr's head of Stirling operations Eddie McGuire. HC has just won the mandate to take over Scottish Equitable's SSASs business, including the transfer of 40 staff. The Stirling office they will move to already provides administration, legal and actuarial services to Prudential's book of final salary schemes. "We can add on other portfolios to our exi...