Martin Tilley discusses the importance of due diligence in both the SIPP and SSAS world
A SSAS is an occupational pension scheme that gives its members considerable flexibility and control over the investment policy and underlying assets. A SSAS is subject to the same rules regarding contributions and benefits as an insured company arrangement but is much more flexible and gives control of the underlying scheme assets to the trustees. The assets of a SSAS do not belong to any particular member of the scheme due to the collective nature of the trust: the members, as trustees, will jointly control the scheme and its investments. Due to the investment flexibility, much l...
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