SSAS schemes risk missing government requirements - Talbot and Muir

Risks of large fines

Hannah Godfrey
clock • 1 min read

Many small self-administered scheme (SSAS) arrangements risk failing to meet the administrative requirements of HM Revenue and Customs and TPR, Talbot and Muir has warned.

The SSAS and self-invested person pension (SIPP) specialist warned that clients of "many" SSAS arrangements were being charged high fees while receiving little or no service - a practice that risks failing to meet government and The Pensions Regulator's (TPR) administrative standards. As a result, it added, those SSAS schemes are in danger of incurring large fines, and possibly being de-registered. Talbot and Muir calls for industry standardisation Talbot and Muir director David Bonneywell said much of Talbot and Muir's growth has been driven by takeovers of poorly administered sch...

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 Retirement

The conversation that has to change with the 100-year life

The conversation that has to change with the 100-year life

'Advisers need to continue to challenge the cliff-edge narrative directly with clients'

Graeme Bowden
clock 24 September 2026 • 4 min read
Client confidence boost from advice review in retirement fades after six months

Client confidence boost from advice review in retirement fades after six months

Widespread uncertainty about how much can be sustainably spent in retirement

Laura Miller
clock 16 September 2026 • 3 min read
Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read