Why trustees can do this
A SSAS is a standalone trust, which means its trustees — not any single administrator — are ultimately in charge of it. If you're not being served well, or your circumstances have simply changed, you can choose to move your scheme to a different administrator.
It's a similar relationship to a limited company and its accountant. If the directors decide to change accountants, they can — but the same care applies both ways: to the decision to move, and to who you move to. Rushing either one is how things go wrong.
And just as with changing accountants, moving a SSAS isn't a same-day switch. There's a proper process, and a handover that needs to happen in the right order.
How a transfer works
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1
Get in touch
Tell us what's prompting the move and what you need from a new administrator.
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2
Due diligence, both ways
We look at your scheme's circumstances properly, and you get what you need to judge whether RC Advisors is the right fit.
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3
Formal handover
Records, assets and scheme documentation transfer from your outgoing administrator in an orderly, complete handover.
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4
Scheme continues under new administration
Nothing about the scheme itself changes — only who administers it does.
Not sure a move is the right call yet, or want a second opinion first? Trustee Advice & Support Services is there for that.
This is general information, not personalised advice for your scheme.
