James Hay offloads SSAS book to Westbridge

Focus on platform

Jenna Brown
clock • 1 min read

James Hay has sold its closed book of small self-administered schemes (SSAS) to Westbridge SSAS for an undisclosed sum.

James Hay, which last month bought rival platform Nucleus for £145m, said the disposal was another significant step in its transformation to a "retirement-focused adviser platform". Westbridge SSAS, based in Leicester, will take over the administration of close to 1,000 SSAS. Some 48 members of staff, based at James Hay's Bristol office, will transfer when the deal completes later this month. James Hay's SSAS book had been closed for some time, it said. The last scheme taken on was in 2018. Since then the firm has focused its attention on its SIPP platform business.  Chief executiv...

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 Pensions

FCA data reveals 'notable advice gap' in drawdown

FCA data reveals 'notable advice gap' in drawdown

Almost half of people entering drawdown now do so without regulated advice

Sophia Panayi
clock 24 September 2026 • 2 min read
Action 'needed now' on salary sacrifice to minimise disruption

Action 'needed now' on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Self-employed face retirement saving 'obstacle course'

Self-employed face retirement saving 'obstacle course'

‘Structural gap’ in participation between employees and self-employed

Martin Richmond
clock 22 September 2026 • 4 min read