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Skandia passes Ssas book to Rowanmoor

Skandia is passing its Small self-administered schemes book to Rowanmoor Pensions, after deciding that the market is not core to the its business.

The majority of the firm £13.7m book of Ssas’s will pass to Rowanmoor from 30 September 2008.

Rowanmoor is to establish a new Ssas for all those being transferred with no set up fee.

Skandia say the decision allows the firm to focus on its Sipp offering.

Skandia head of pension and bond marketing Nick Bladen says: “Over the years the number of Ssas schemes that we administer has reduced substantially. We were in talks with several specialist Ssas providers to find a quality replacement for the trusteeship and administration services for our existing Ssas customers. We were very impressed with the Rowanmoor Pensions Ssas offering and felt assured that the same high level of service to our customers would be maintained.”

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