How to charge for auto-enrolment advice

Sam Caunt, company secretary, Kingston IFA Caunt said his business is in the process building up its auto-enrolment proposition. Kingston will offer a fixed fee to assess a workforce’s needs, dependent on the number of employees, and then provide a menu of services thereafter. However, Caunt said all other services will be charged on an hourly basis, with rates depending on the specialism of the adviser. “Simple pension administration would cost less, but the services of an IFA or a chartered financial planner would be more,” Caunt said. He added that for ongoing service to th...