Ex-James Hay duo buy SSAS firm
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Former James Hay duo Richard Mattison and Jane Davies have bought Manchester-based pension provider Whitehall Group.
It was set up by a Stockport firm of chartered accountants in May last year to target the SSAS sector. The SSAS pricing structure aims to mirror a low-cost Sipp, with a set-up fee of £250 and a £250 annual admin charge.
Mattison (pictured) says: “The last 18 months has seen the SSAS market increase in popularity and rather than being the dead duck many have considered them to be, SSASs are enjoying a new lease of life.
“The ability to make loans to and buy shares in sponsoring employers, together with the ability to pool resources in a more flexible environment to purchase commercial property from businesses and release cash to the company, has seen them attract far more attention from advisers than during the bull market.”
Mattison was previously business development director at James Hay while Davies was a business development manager.
Evolve Financial Planning director Jason Witcombe says: “There are some strong arguments in favour of using an SSAS, particularly when looking at more esoteric investments, but I am not convinced they will be used in high volumes.”
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Readers' comments (7)
Anonymous | 11 Jan 2012 11:58 am
Sensible, knowledgable people with a sensible strategy - all teh best and good luck.
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Anonymous | 11 Jan 2012 2:38 pm
I can only echo the comments of the previous poster and wish them both the best of luck
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Anonymous | 12 Jan 2012 12:20 pm
I have dealt with these two people many times and can highly recommend them as professionals and as people. Excellant technical knowledge combined with first class service. Any venture they are involved in will turn to gold and I wish them all the very best of luck.
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Anonymous | 12 Jan 2012 8:56 pm
It is rare in a field as competitive as this that you come across people more committed to serving your needs than their own. They are clearly talented, industrious and have the ability to dominate this field with their expertise and hands on approach.
Best wishes.
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Suspicious Mind | 13 Jan 2012 3:05 pm
Very glowing references from the anonymous posters above. A bit too glowing if you ask me. The fact that they weren't prepared to put their names to the posts suggests that they are more likely to be family and friends rather than legitimate FSA regulated advisers with experience of their work!
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Anonymous | 13 Jan 2012 7:27 pm
I find such comments extremely insulting. The fact that one wishes to remain anonymous considering the nature of my business and role within this sector would be clear and transparent to all if you knew who I was. It is also somewhat crude to make such accusations and is certainly an attempt to hijack their chances being so detrimental to this company's positive comments. I believe this to be a crude conspiratorial comment from a disgruntled person designed to stir trouble and it is incredulous that it has been made.
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Matt Wagener - True Financial | 14 Jan 2012 8:44 pm
I have worked with Jane for many years. She is too talented to be confined by the small minded limitations of the rules orientated James Hay corporate model.
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