Rowanmoor Pensions, the UK's largest independent SSAS provider, has been awarded a new contract for outsourced administration by Standard Life for its SSAS portfolio.
Rowanmoor Pensions is in its first year of operation, following a management buyout of the SSAS and associated consultancy business of James Hay Pension Trustees in September 2006.
The Standard Life SSAS portfolio consists of approximately 1,000 schemes and the new contract commences on 1 October 2007.
Rowanmoor Pensions will use its expertise in the SSAS market to provide administration, advisory and actuarial work for all Standard Life SSAS schemes.
Ian Hammond, managing director, Rowanmoor Pensions comments: “The company has looked after the Standard Life SSAS portfolio for eleven years and the award of a new contract means Standard Life’s SSAS clients and IFAs will receive continuity of service.
"This is a major achievement for Rowanmoor Pensions within its first year of operation, and recognition of our commitment to provide exceptionally high standards of service for all our clients."IFAonline
What made financial headlines over the weekend?
Developed by industry-wide group
Joined in 2002
'Educate clients' children'
Raised £15m earlier this week