On Monday 2 July 2001 IR SPSS published two new Pensions Updates. No. 102 emphasises that all transactions between a SSAS - or any other UK approved OPS - and a FURBS or a UURBS are prohibited. Apparently cases have been discovered of SSASs making loans or selling assets to non-approved schemes. Update No. 101 introduces a new claim form PS 155 for continuous service [PN 7.15], and a minor change: if the employer changes because of a take-over, merger or reconstruction, it is sufficient if the member is a controlling director of one and a director of the other, rather than a controlling director of both as the Revenue has previously insisted.

These issues were among many aspects of pensions legislation and practice touched on during the first SPSS Practitioners Seminar, held the same day at Nottingham.