Strauss: NEST to draw IFAs into SME advice

Speaking at the Sesame Symposium in London today, Strauss said auto-enrolment will provide IFAs with an opportunity to move towards advising small and medium enterprises on employee benefits. Auto-enrolment will see all employees who earn more than £7,475 per year and have worked for their employer for three months automatically enrolled in a workplace pension scheme from 2012. "We believe the legislation works very well for us collectively as an industry and we think is a big opportunity, not just NEST specifically but also the increase in advice given in the workplace," said Strauss...