Ann Dempster discusses the importance of getting the right system in place for auto-enrolment.
Although auto enrolment into workplace pension schemes is now a reality, many companies are keeping their heads in the sand as it is another expense that they cannot face in today's tough business climate. Yet this is where auto enrolment offers new opportunities for financial advisers. Forward thinking advisers are starting to introduce new group pension schemes to their business clients now. The view is to increase both company and employee contributions slowly, and so ease in the additional expense, rather than increase the company wage bill and reduce employees' income all in one ...
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