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Ex-James Hay duo buy SSAS firm

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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There are 8 comments at the moment, we would love to hear your opinion too.

  1. Sensible, knowledgable people with a sensible strategy – all teh best and good luck.

  2. I can only echo the comments of the previous poster and wish them both the best of luck

  3. 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.

  4. In a crowded market it can be difficult to find a company that puts its clients at the front of their priorities. These two clearly do and will firmly establish themselves as market leaders within a short space of time. Best wishes.

  5. 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.

  6. 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!

  7. 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.

  8. Matt Wagener - True Financial 14th January 2012 at 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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