A former Co-op Bank executive has received £350,000 from Enterprise Ventures' North West Fund for Venture Capital to market his new software product for IFAs.
The government has yet to develop a grand vision for pensions and should be prepared to resort to compulsion if auto-enrolment fails, experts say.
Some employers might be reluctant to get on board with changes to employment legislation, particularly when it comes to pensions.
The number of people saving into a company pension scheme has fallen from 6.3 million to 3.2 million since 1991, the Office for National Statistics (ONS) says.
Around one third of employees will opt out of pensions when auto-enrolment comes into force after 2012, Legal & General (L&G) says.
It is impossible to say how long the 2% charge on National Employment Savings Trust contributions will last for, the Personal Accounts Delivery Authority says.
Early adopters of the National Employment Savings Trust (NEST) are facing a poor deal due to high charges, industry experts say.
The National Employment Savings Trust (NEST) will charge 2% on all contributions, the Government has confirmed.
Magnus Spence, director at Spence Johnson, says a growing DC market in the UK could open up opportunities for advisers.
The rebrand of personal accounts to NEST will not prevent the dangers underpinning the government-backed pension scheme, warns independent policy adviser Ros Altmann.