Small Self Administered Scheme  

Advisers bolster due diligence on Ssas providers

He added: “Visibility of the Ssas is essential and the ability to earmark makes the life of an adviser a lot easier to plan. 

“Beware of firms outsourcing and firms that don’t have their own bespoke technology capable of handling things like price feeds, VAT and PAYE all in house.”

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Consolidation of Ssas providers

As part of the Rowanmoor deal, Westbridge will buy all of the Rowanmoor Executive Pensions Limited staff currently involved in Ssas administration and will continue to operate from the Bolton and Salisbury offices until the second half of 2024.

The deal is expected to complete at the end of January.

This is the second major acquisition by Westbridge and follows the purchase of the James Hay Ssas book in March 2021. 

Elsewhere, the administrators of Hartley Pensions have written to clients to let them know that discussions are ongoing regarding the sale of the firm’s Ssas client book.

amy.austin@ft.com