Skandia transfers Ssas book to Rowanmoor

Skandia has picked Rowanmoor Pensions to take over its Ssas book of business with effect from 30 Sep...

Skandia has picked Rowanmoor Pensions to take over its Ssas book of business with effect from 30 September. It is anticipated that most of Skandia’s Ssas, with a total asset value of £13.7m, will transfer to Rowanmoor. Ssas is not a core area of business for Skandia and the group has withdrawn from the market to focus on its core personal pension and Sipp offerings. Rowanmoor will establish a new Ssas for each of the transferring schemes and will not charge a set-up fee. It is also providing a Ssas transfer option to Skandia’s 14,000 EPP clients. Nick Bladen, head of pension and bon...