Caitlin Southall explores the most underestimated but important responsibility in SSAS - effective documentation and maintenance of accurate information...
Small self-administered schemes (SSAS) are an occupational pension, with up to 11 members utilising a unified investment strategy to increase their buying power and, therefore, investment possibilities. Each member also acts as a scheme trustee and has a fiduciary duty to ensure the compliance and prudent administration of the scheme. By all members acting as trustees, and with a unified investment strategy, the SSAS qualifies for a number of legal exemptions which underpin some of the advantages of operating a SSAS. SSASs are in principle, simple. They offer a bespoke solution fo...
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