Pension switching: How to keep the FSA happy

When auto-enrolment becomes a fact from October 2012 many employees will find themselves in a workplace pension arrangement with a contribution of at least 8% (of “band earnings”). This is bound to have an effect on the retirement savings market, with some commentators suggesting it may be removed from the advised sector altogether. Existing savings are unaffected by auto-enrolment and individuals will still need advice on how to look after them. Advisers who are looking for an alternative pension market may therefore find it worthwhile to offer a pension switching service. I regularl...