It should be mandatory for small self-administered pension schemes to have a professional trustee to avoid potential devastating tax charges, a provider has said.
Martin Tilley discusses the importance of due diligence in both the SIPP and SSAS world
Retirement Planner's round-up of the top pension stories this week.
In this week's quick-fire poll we ask: Are you seeing a rise of pension liberation/fraud cases via SSAS?
Tighter controls are needed to prevent SSAS being used as pension liberation vehicles.
The assets pension savers are allowed to invest in should be restricted and authorised, to avoid any further scandals like Harlequin, London & Colonial has warned.