It is a sad fact that scammers and pension liberators have in the past targeted Small Self Administered Schemes (SSAS) with a view to abusing the rules governing these tax-advantaged pension funds. In an effort to prevent this, HM Revenue & Customs (HMRC) requires that all parties appointed as the Scheme Administrator for the purposes of the pension tax legislation, are able to declare themselves as ‘fit and proper’ persons.
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