We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close
In association with

Home > Training > Adviser Guides

Adviser Guides

Guide to Auto-Enrolment

Published by FTAdviser | Oct 04, 2012

According to government figures, there are almost 800,000 UK employers not currently providing a workplace pension scheme. Further research has found 92 per cent of employers will look to intermediaries for some level of support in complying with their new duties - meaning auto-enrolment offers IFAs a huge potential opportunity.

If it’s not an area of expertise already, advisers ought to brush up on the new legislation before getting involved. This is an area of no little complexity, so a strong understanding of the new rules is crucial.

FTAdviser’s Guide to Automatic Enrolment covers off the basics of the new arrangement, as well as suggesting useful roles advisers can play and how to win profitable business from companies.

Answers were provided by Paul Goodwin, corporate benefits director at Aviva; Allan Maxwell, managing director of Corporate Benefits Consulting; and David Triggs, senior consultant at IFG.

IN THIS GUIDE
  1. Q: What are staged introduction dates?

    Auto-enrolment is being phased in over a five-year period, with the largest schemes going first starting from 1 October 2012.

  2. Q: What role will there be for financial advisers?

    There will be a strong demand for expert advice, particularly as employers will want help interpreting the new regulations.

  3. Q: How can I win profitable corporate business?

    Some employers will want value for money, but many will be looking for a wider package of benefits than a pension scheme alone.

  4. Q: What advice can I give employers?

    Some employers will need advice on changes they may have to make to their existing scheme, some on setting up a completely new scheme.

  5. Q: What I can advise employees?

    There are two main areas on which advisers can likely add value to corporate clients: contribution level and investment choice.

  6. Q: What is Nest and would I recommend it?

    Nest is a workplace pension scheme set up by the government that will be one of the options available to employers.

Finished reading this article? Bank 1hr Structured CPD below.

The CPD Tracker is only available to registered FTAdviser users

CPD Sponsor Sponsored by

Q1.  How many people does the government estimate are not currently saving at all for retirement?

*Please select an answer

Q2.  How much will minimum contributions rise to by October 2018?

*Please select an answer

Q3.  According to Aviva’s Paul Goodwin, how many firms that will be establishing a new scheme have 5+ employees?

*Please select an answer

Q4.  When can charges for advice services be paid?

*Please select an answer

Q5.  According to IFG Financial Services’ David Triggs, how should advisers set out their proposition?

*Please select an answer

Q6.  When does Paul Goodwin suggest most employers should begin to prepare for auto-enrolment?

*Please select an answer

You have answered all questions correctly. To bank your 1hr CPD minutes answer questions below.

These questions are required so that we can attribute against each piece of CPD learning an identified learning need that the content is meeting and a reflection statement on the learning undertaken. These are required elements for a piece of CPD to be considered as 'structured' under the new regime.

Why did you select this article as part of your CPD learning?

there's a limit of 500 characters

What have you learned from reading the article and completing the questions?

there's a limit of 500 characters

Submit

By submitting these answers I confirm that I have read and agreed to the terms and conditions.

Bank

Please add a brief statement in response to the above questions to bank CPD minutes.

By submitting these answers I confirm that I have read and agreed to the terms and conditions.

COMMENT AND REACTION
Most Popular
More on FTAdviser
FTA jobs