The importance of defining the roles within a SSAS

SSAS offer significant flexibility for directors of owner-managed businesses and entrepreneurial family groups, but that flexibility only works where governance is clear, roles are properly defined and trustee decisions are capable of standing up to scrutiny. This is particularly important where SSAS assets, connected-party transactions or employer-related arrangements are involved, because poor role discipline can create compliance, tax and fiduciary risk. In practice, the key distinction is between those who benefit from the scheme, those who make trustee decisions, those who carry ...