Skandia to offload SSAS book to Rowanmoor

Effective from 30 September, SSASs has decided to withdraw from the SSAS market in order to focus on its core personal pension and SIPP offerings. Rowanmoor Pensions will establish a new SSAS for each of the transferring schemes and will waive the set-up fee. All the assets of the existing Skandia schemes that opt to transfer to Rowanmoor Pensions will be transferred free of charge. Nick Bladen, head of pension and bond marketing at Skandia, commented: "Over the years the number of SSAS schemes that we administer has reduced substantially. "We were in talks with several specialist ...