WBR Group (WRB) is set to register the Rowanmoor small self-administered scheme (SSAS) book to its in-house operation WBR Trustees from Rowanmoor Trustees after The Pensions Ombudsman’s (TPO) decision put the latter’s long-term viability in doubt.
WBR Group (WBR), the UK's largest independent provider of SSAS services and tax experts, has written to nearly 2,000 clients that it acquired as part of the Rowanmoor SSAS book from Rowanmoor Executive Pensions (REP) in January 2023. It comes after TPO decision against Rowanmoor Trustees put the long-term viability of Rowanmoor Trustees into doubt. The Ombudsman's decision on 1 February 2024 came after a SSAS complaint was filed in June 2018 against Rowanmoor Trustees which proved to show that Rowanmoor did not fulfil its duties as a trustee of the scheme. WRB explained that was or...
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