Sandringham Financial Partners has launched an auto-enrolment consultancy with the aim of supporting partners working to deliver auto-enrolment solutions for business clients.
The new service, which targets small and medium-sized enterprises who are yet to stage, allows advisers to offer auto-enrolment solutions to their clients without having to manage the back-office and payroll issues.
Sandringham’s auto-enrolment trained partners work on a consultancy basis, advising on and implementing businesses auto-enrolment needs.
Additionally, they take into consideration existing arrangements and processes, established pension provisions, payroll software and employee engagement.
The firm said the auto-enrolment specialists work with a robust panel of pension providers, comprising Royal London, Nest, Aviva, The Peoples Pension and Now: Pensions, enabling partners to provide a solution to match any SME’s requirements.
Tim Sargisson, chief executive at Sandringham, said:“With hundreds of thousands of small and medium sized businesses set to stage in the next year, auto-enrolment presents a fantastic opportunity for advisers.
“The Pensions Regulator has indicated that AE compliance will be their main focus going forward and for many businesses this will be their first venture into a complex area.
“Intermediaries can therefore create tremendous goodwill and income by offering this service, as well as showcasing their knowledge and expertise to new clients.
“However, some advisers may not wish to conduct AE business and our system means that these partners can refer leads which can be redistributed. As a result, Sandringham’s partners are able to work with a higher number of clients across a wider range of services.”
In July this year, the restricted national firm pledged to be a listed firm within the next three to five years, aiming to double its adviser partners within this period.
Speaking to FTAdviser at that time, Sandringham chairman Barry Kayes explained that after almost four years in business it was time for the founder member shareholders to crystalise the benefits of their shareholdings.
He went into no further specifics on timings for the Alternative Investment Market listing, saying that this was part of a three to five year view that was being developed by senior management, which also includes looking to double adviser partner numbers from the current 126 over the next three years.
ruth.gillbe@ft.com
