Bulk SSAS take-overs are on the increase

Despite some recent negative publicity, says Paul Darvill, a well-run SSAS can be a valuable planning tool for a small business and there is still a significant requirement for this type of scheme.

We have seen a lot of press coverage and speculation in the market recently commenting on the future of small self-administered schemes (SSASs). This followed an online blog from Andrew Warwick Thompson, executive director at The Pensions Regulator (TPR), suggesting both pension transfers to SSAS arrangements and the establishment of any new SSAS arrangements should be banned.