SSASs

Small self-administered [pension] schemes are established by companies to provide a pension vehicle for company employees. A SSAS can have a number of sub-funds, each belonging to a different employee who may decide how his or her "pot" is invested. In addition to quoted and unquoted securities, SSASs may invest in commercial property and are often used by directors to buy the premises in which the employer company carries on its business. With effect from 2005, SSASs will be able to invest in residential property. Reyker Securities provides securities dealing and custody facilities to SSAS participants.