Pensions  

Talbot and Muir sees 20% jump in Ssas business

Talbot and Muir has announced a 20 per cent increase in new business for small self-administered schemes for 2013, which it claims highlights that there is still a “significant requirement” for this type of scheme.

The independent self-invested personal pension and small self-administered scheme specialist says it has not seen a downturn in Ssas interest.

Nathan Bridgeman, sales and marketing director at Talbot and Muir, said: “The increase in new schemes over the last year shows there is still a significant requirement for this type of occupational scheme.

“Talbot and Muir has always provided a personal service to advisers and their clients with a named administrator, we believe this is why advisers continue to come back to us.

Seperately, Claire Trott has also joined from Suffolk Life as head of technical support.

Ms Trott said: “In addition to the increase in Ssas new business we have also seen an overall increase in our Sipp book of 7.5 per cent and property portfolio of 12 per cent showing advisers are clearly researching the most appropriate pension vehicle for their clients.

“Ssas can often be more cost effective for multiple members of the same company, especially when a property is involved.

“They are great for succession planning in family businesses because there is no need to earmark the level of each asset the individual holds, provided the overall benefit levels are clearly recorded. The older generations can draw on the cash element leaving less liquid assets invested.”