Majority of advisers favour SSASs but want safeguards, research

The survey quizzed 48 advisers after The Pensions Regulator executive director Andrew Warwick-Thompson called for a ban on Small Self Administered Schemes (SSAS) last month. He had described them as "a vehicle of choice" for scammers. This was, Warwick-Thompson argued, because SSASs were exempt from legal duties designed to protect members that are required by large schemes, and had minimal reporting requirements.  The vast majority (84%) of the advisers surveyed said they would like to see an HMRC-approved list of SSAS operators to be implemented. More than half (54%) said they wo...