Return of the SSAS

Small self-administered schemes (SSASs) have, for a good few years at least, been seen as the ‘maiden aunt’ of the more popular and glamorous self-invested personal pension (SIPP). The SIPP overtook the popularity of the SSAS several years ago, with the development of the group SIPP for the upper tiers of management a clear favourite over the SSAS, which traditionally catered to that market. The SIPP market boomed, with variations on the theme spreading in popularity. SSAS on the other hand, took a back seat with its development and new business stalled. However, providers are reporti...