With radical pension change less than a year away, Julian Webb, head of platform sales and DC business at Fidelity International, looks at the implications for advisers.
Auto-enrolment was rubber-stamped by the Department for Work and Pensions’ review in October last year and will be implemented as planned in 2012. The proposed changes offer advisers some unprecedented business opportunities in the corporate pensions market. What does it mean for advisers? So what is the relevance of these reforms to advisers? In short, I believe advisers will perform a key role in helping both employers and their employees to make the right choices. For employers, firstly, it is important to realise the responsibility for implementing auto-enrolment lies completely...
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