Trade body sets up exclusive pension for members

clock

The Federation of Small Businesses (FSB) has set up a multi-employer pension scheme for its members in preparation for auto-enrolment.

The organization will also offer free telephone-based financial advice, or face-to-face support for a fee, for employers considering joining the scheme. Advice will be provided by Independent Financial Services, the FSB said. The scheme, provided by Scottish Widows, is only open to FSB members and their employees. It will provide smaller employers with access to the economies of scale larger companies enjoy, FSB said. There is no minimum or maximum workforce requirement to join the scheme. The news comes after NOW: Pensions, the Danish rival to the National Employment Savings...

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 Products

Better service tops adviser demands from providers in 2023

Better service tops adviser demands from providers in 2023

Advisers have put providers on notice they expect better service in 2023

Laura Miller
clock 19 December 2022 • 1 min read

Truestone launches EBC arm

Truestone Asset Management has launched a new employee benefits consultancy (EBC) business.

clock 30 September 2011 •

Companies failing to use advisers for employee benefits - Denplan

Only 56% of companies procuring staff benefits use a broker, yet 90% of those who do think it is money well spent, Denplan has found.

clock 15 April 2011 •