SIPP and SSAS provider Barnett Waddingham today launches its bid to buy up clients who have been ‘orphaned' by providers and advisers who have left the market since A-Day in 2006.
Barnett Waddingham proposes to cover some exit costs of previous administrators for new clients. It will also pay charges of up to £450 plus VAT towards the cost of transferring SSAS pensions to Barnett Waddingham. "We have found many schemes are not getting the attention they need, either where there is no longer a professional involved, or where in some cases, schemes have even been left without a scheme administrator," says Richard Millson, SSAS partner at Barnett Waddingham. "With pension rules changing, it is vital that these people are served by an experienced pension provider....
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes