Everything advisers need to know about using a DB SSAS

It's estimated that there are around 50,000 small self-administered schemes (SSAS) in the UK pension market. Mostly used for owner-managed businesses as a tax-efficient way to save for retirement, the absence of Financial Conduct Authority (FCA) oversight means that the SSAS services market is more fragmented than its more popular cousin, the self-invested personal pension (SIPP). SSASs still have a huge part to play in retirement and business planning for the right client. Most SSASs operate on a defined contribution (DC) basis, as a money purchase scheme. However, there are a very smal...