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Advice on choosing SSAP trustee

  • 17-08-2020 8:54pm
    #1
    3DataModem
    Registered Users, Registered Users 2 Posts: 4,011 ✭✭✭


    Considering setting up a SSAP, to acquire some specific shares and hold them in a pension.

    I understand I have to find a third-party trustee, and it costs a fair bit to set up (2-3k?, plus annual fees).

    There seems to be a few small shops on google that offer this service, and I'm essentially looking for execution only i.e. I know what assets will be held by the scheme.

    Any recommendations? Or tips for choosing one?


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,738 Mod ✭✭✭✭Henry Ford III


    No advice.

    There aren't that many so do a beauty parade and take your choice.

    There is no execution only Pensioner Trustee that offers a cut price option.


  • #3
    tinpib
    Registered Users Posts: 4,499 ✭✭✭tinpib


    Just spotted this thread now. How did you get on 3DataModem?

    I found this website of Association of Pension Trustees in Ireland

    Some pages don't load properly and their last blog post was from 2019 so I don't know if that list of 37 odd members is accurate or complete.


  • #4
    garrettod
    Registered Users, Registered Users 2 Posts: 2,451 ✭✭✭garrettod


    Hi,

    While the list may not be entirely accurate, tinpib, I can tell you that there aren't many Revenue approved Trustees, in existence - I think it's sub 50, from memory.

    If you are considering an independent, I would recommend Paul Ryan, in Dublin 6. There's a brokerage under Paul's own name, and a related Trustee service, called Signature Trustees, run by Paul and his son Alan, along with a small team.

    Paul's been in the industry for 30-40 years, runs a good business, but they retain the personal service, which I like.

    Thanks,

    G.



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