Premier Pension Services (PPS) has launched an enhanced range of Small Self Administered Schemes (SSASs).
PPS’s new range of SSAS products are based around maximum functionality but with low cost entry level arrangements where only limited functionality is required to start with.
“Recent years have seen the continued and dramatic rise in the popularity of Self Invested Personal Pensions (SIPPs) and to an extent this has been at the expense of Small Self Administered Schemes (SSAS),” says Nigel Manley, Head of Self Invested Pensions, PPS. “Very little attention has been paid to the development of the SSAS product to the detriment of the members and perhaps their encouragement to save for retirement.”
With SSAS products, PPS will take over Executive Pension Plans (EPP) or existing Deferred SSAS and provide Professional Trustee and Scheme Administration services. The SSAS administration fee is reduced under the hybrids to reflect the product model.