Warning issued to advisers over SSAS maladministration

Bonnywell said it was "in the best interests of advisers" to undertake a thorough due diligence process when looking at a potential small self-administered scheme (SSAS) administrator because, if clients were unhappy with the service level provided by the administrator, it would not reflect well on the adviser. "Fees and value for money [the administrators] provide are key factors for clients, and are quite often not fully understood," he explained. "As such, taking a proactive stance to review SSASs and their underlying charging structures will be looked upon favourably by professional ...