Pru works with bulk-scale providers on 'dual-scheme' AE approach

Jenna Towler
clock

Prudential is working with the National Employment Savings Trust (NEST) and independent multi-employer scheme NOW: Pensions to provide auto-enrolment packages for its clients.

The provider said some of its corporate pension clients had diverse workforces, with differing pension needs. It said many were keen to take a dual-scheme approach to auto-enrolment. The set up would see a Prudential scheme put in place for one section of the workforce, with the other using NEST or NOW: Pensions. David Caw, head of client management at Prudential, said: "Auto-enrolment brings a number of challenges for employers as they look to meet their obligations in a cost-effective and efficient manner. "While we are providing Prudential-only solutions for many clients, we als...

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

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read