Martin Tilley: The 'worrying phenomenon' of investment-driven SSAS

Oversees hotels, airport parking and storage pods

clock • 4 min read

Martin Tilley returns to PA with a warning about the 'worrying phenomenon' of investment-driven SSAS, often promoted on social media, with potentially disastrous consequences...

It was back in 2013 in this very publication that I highlighted the issue of "investment-driven pensions". This is the scenario where an unregulated promoter sells an investment concept to an individual and targets their only source of available capital (their pension assets) as the source of investment funds. It was of course the promoter who in whose own interest they were working who inevitably benefited from investment sale through kickbacks and or commissions from the investment concept itself. This had been an increasingly worrying phenomenon that the Financial Conduct Author...

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

Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read