Standard Life has agreed to sell its Small Self-Administered Scheme (SSAS) business to WBR Group (WBR). This takes effect from 1 February 2025. 

Standard Life Trustee Company Limited (SLTC) is the Scheme Administrator and the Administrator Trustee for the SSAS – and currently outsources the day-to-day administration of the SSAS to WBR. This means that WBR is already familiar with the SSAS and has been responsible for managing it on Standard Life’s behalf. Because of the sale of its SSAS business to WBR, SLTC is resigning from all its roles in relation to the SSAS from 30 May 2025, and will no longer provide services to the SSAS. Although SLTC is resigning from its roles, WBR will continue to provide administration services to the SSAS schemes until principal employers either transfer to WBR or make alternative arrangements. 


Why is Standard Life selling the SSAS business?

SSAS clients can have complex business and retirement planning needs that require the services and solutions from a specialist SSAS provider. The sale and transfer of the SSAS business to WBR will provide access to additional investment options and services that the scheme wouldn’t have with Standard Life.

Affected principal employers and their advisers are being notified of this change in the week commencing 10 February 2025. 

View a copy of the communication and the questions and answers document.