The SSAS decline has plateaued, writes Lee Halpin. Here he urges advisers to remember its unique advantages...
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...
To continue reading this article...
Join Professional Adviser
- 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.