FCA writes to regulated providers for data on SSASs

Relating to benefit withdrawals

Hannah Godfrey
clock • 2 min read

The Financial Conduct Authority (FCA) is looking into small self-administered schemes (SSAS) sold by regulated providers, it has confirmed.

In a note sent to providers it asked for data relating mainly to benefit withdrawals from SSASs post pension freedoms. However, the regulator is not asking for information on non-standard investments or investments in general held in SSAS, as is the case with SIPPs. Professional Adviser understands this is the first time the regulator has asked for this data. In a policy statement on retirement income data in July, the FCA stated regulated companies are required to give it data on products which fall outside of the watchdog's regulatory remit - such as SSAS - in order to "further s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Paul Bruns: Ongoing review flexibility and the advice gap

Paul Bruns: Ongoing review flexibility and the advice gap

Changes are still currently only at proposal stage

Paul Bruns
clock 10 August 2026 • 5 min read
How considering vegetable peelers can inform your product design

How considering vegetable peelers can inform your product design

FCA released two reports to mark the third birthday of Consumer Duty

Alison Gay
clock 31 July 2026 • 4 min read
Andy Wealthall: Is there still a place for annual suitability reviews?

Andy Wealthall: Is there still a place for annual suitability reviews?

'We shouldn't solve one problem by creating another'

Andy Wealthall
clock 30 July 2026 • 4 min read