Rowanmoor takes on Skandia's £14m SSAS book

The firm says its SSAS book, with a total asset value of £13.7m, is no longer a core area of its proposition, adding the number of schemes it administers has “reduced substantially” in recent years. It says it anticipates most of its policyholders will make the free transfer to Rowanmoor, the UK’s largest SSAS provider, on 30 September. Skandia says the move will allow it to focus resources on its core personal pension and SIPP offerings. Nick Bladen, head of pension and bond marketing at Skandia, says: “Over the years the number of SSAS schemes that we administer has reduced substantial...