Employers often shy away from providing financial advice in the workplace, but auto-enrolment will force the issue. Here's how small changes could ease bosses' minds...
Millions of workers are set to join their workplace pension scheme over the course of the coming months through the government’s auto-enrolment scheme. In turn, this means many bosses will be entering the world of pension provision for the first time themselves. These employers may want to provide financial advice to their workers to ensure they are making positive choices. But according to a report analysing the pensions market in the current ‘age of austerity’ by City law firm Squires Sanders, many bosses remain reluctant due to the perceived risks associated with advice. It s...
To continue reading this article...
Join Professional Adviser for free
- 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