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James Hay puts SSAS business under review as chief retires


James Hay has put its SSAS business under review as head of SSAS administration Owen Dow steps down after 38 years with the business.

Dow will retire at the end of this year. His position will not be filled and other members of the team will take over his responsibilities.

The pensions administrator says: “As part of our continuous strategy review we’re exploring all options for the SSAS business, however no decision has been made at this time.”

The division currently employees 26 people.

The provider’s first half results, published in August, showed a 26 per cent rise in operating profits to £3.8m. James Hay said this was driven by falling investment costs and rising fees on non-standards assets.

In May, the provider acquired 4,000 Sipps from Towry.



Cost cutting drives James Hay profit rise

Rising fees and falling investment costs saw platform and Sipp provider James Hay push adjusted operating profits up 26 per cent in the first half of the year. But rising regulatory costs have restricted profits at parent company IFG Group. Half year results, published today, show James Hay’s adjusted operating profits – which excludes amortisation […]


Ex-James Hay boss Sargisson appointed Sandringham chief exec

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James Hay appoints commercial director

Platform James Hay has appointed Mark Fleet as commercial director. Fleet, who takes on the role from the end of July, joins from Skipton Building Society where he held roles including chairman of its advice division and distribution director. Prior to that, he was managing director at AWD Moneyextra and chief operating officer at Chase […]

Towry transfers 4,000 Sipp clients to James Hay

Towry is to cease offering Sipps and will transfer around 4,000 pension plans to James Hay as part of a tie-up that will see the national advice firm outsource its Sipp administration to the platform. Current and future Sipp clients’ assets will be held in James Hay’s Modular iPlan but customers will remain Towry clients. […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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