Auto-enrolment for small firms has been delayed by a year, but the reform is still an opportunity for firms to move to profitable corporate advice. Three advisers have given us their models to consider.
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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
