SSAS: Practitioner-only and professional trustees – what's the difference?

Small self-administered schemes (SSAS) remain a hugely useful pension planning tool for business owners and directors who want flexibility and control. When it comes to SSAS governance, there are two primary structures – practitioner-only and those where a professional trustee is appointed, often alongside a professional scheme administrator. Under SSAS legislation, a scheme must appoint a scheme administrator, but not necessarily a scheme practitioner. The latter is not a formal role, but is one aimed at supporting the scheme administrator and trustees to comply with their fiduciary ...