Rescuing Small Self-Administered Schemes
Rescuing Small Self-Administered Schemes
Where a SSAS provider does not fulfil the role of Scheme Administrator, this responsibility is likely to rest with the Member Trustees. A Scheme Administrator’s role is complex and requires specialist knowledge to carry out the necessary functions correctly, without which, there are substantial fines and penalties.
Often, members are not aware of their requirements until a significant stage in the life of a pension scheme such as the retirement or death of a member. We have a wealth of experience in taking over SSASs where there is no professional Scheme Administrator.
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Costs
Transferring the administration of a SSAS to us does not have to be expensive although there may be some cleaning-up to do.
We will be happy to quote a fee at our extremely competitive rates once we have had a preliminary discussion at no cost and established what needs to be done.
For full details please see our Fee Schedule.