Two advisers' tips for setting auto-enrolment advice charges

HOW AND WHY

Nicola Brittain
clock

For some advisers, auto-enrolment (AE) is an unprofitable drag on time and resources; for others, its a once-in-a-career opportunity. Here, two IFAs explain how they would approach AE advice...

Allan Maxwell Director, Corporate Benefits Consulting "We approach each case as an individual project and explain where work is required from scratch. We charge a nominal fee for an initial investigation looking at how many employees are likely to be involved, and provide several costed plans accordingly. "Monetising an AE project is much easier with new clients. I am happy to provide a fixed price at outset following the initial investigation. "We have worked on many corporate pension schemes and understand how much we should charge for each stage of the process. "There would b...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read
Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read