Alliance Trust Savings has sold its small self-administered scheme (SSAS) business to Xafinity's specialist arm, Hazell Carr SSAS.
Alliance Trust Savings sold its SSAS book as it was no longer core to its business. Patrick Mill, distribution director at Alliance Trust Savings commented: "We anticipate significant growth opportunities in the advised platform market over the next few years as a result of the FSA's Retail Distribution Review and approach to Platform regulation. "Consolidation in the SSAS market has meant that fewer providers can continue to offer the type of broad service offering that Xafinity can provide. "Therefore, we have chosen to focus on our core business while selecting a buyer who will ...
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