Rowanmoor warns against business as pension

Speaking at the Henry Stewart SSAS conference in London yesterday, David Seaton, director of consultancy at Rowanmoor Pensions, urged business owners to not rely on selling their business to fund retirement. He says: “Small self-administered schemes remain key to a large number of shareholding directors who partly provide for their retirement through them. All too many owner directors see their business as their pension. This is a dangerous plan. “Unforeseen market changes, particularly in this digital age, can render a business worthless, which is why it is vital that some of the profit...