FOR SUSTAINABLE, PROFITABLE, CLIENT-FOCUSED ADVISER FIRMS
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James Hay has sold its closed book of small self-administered schemes (SSAS) to Westbridge SSAS for an undisclosed sum.
£380m assets under administration
Risks of large fines
'Legal Entity Identifiers'
Standards 'down since 2006'
Relating to benefit withdrawals
Estimated 160,000 trusts could be affected
For new and transferred schemes
No change for advisers
Compliance costs could rise