Provider sounds SSAS maladministration warning to advisers

Advisers must be fully aware who administers small self-administered schemes they advise on or risk potential problems further down the line, Talbot & Muir has warned.

Director David Bonneywell, who has reviewed several schemes that have been engaged in maladministration, said it was “in the best interests of advisers” to undertake a thorough due diligence process when looking at a potential SSAS administrator because, if clients were unhappy with the service level provided by the administrator, it would not reflect well on the adviser.