Why advisers should explore the SSAS market for clients

Small self-administered schemes (SSAS), or relevant small schemes (RSS), as The Pensions Regulator now likes to refer to them, have been part of the pensions landscape for a long time. As the popular self-invested personal pension (SIPP) became the flexible pension of choice, SSASs were on a steady, yet undramatic, decline. However, in recent years the number of SSASs knocking about has plateaued and even threatens a resurgence of sorts. There were 22,500 schemes on 1 January 2016 and that figure dropped down to 21,750 on the same date in 2021 - as I said, a steady decline - and TPR e...