SSAS providers have hailed a victory as the Department of Work and Pensions has ditched a plan to potentially charge SSAS schemes a £10,000 general levy.

The Association of Member-Directed Pension Schemes (AMPS), the industry body for SIPP and SSAS providers, has voiced “deep concerns” about a big proposed rise in a DWP pension scheme levy which could hit SSAS providers and other small pension scheme in the pocket.