Auto-enrolment has not proved an attractive business opportunity for many of True Potential's advisers as margins are small in relation to demands, senior partner Daniel Harrison has said.
True Potential offers two auto-enrolment solutions for firms: a fully advised proposition for owners and principals; and a direct, information-only offering that allows firms to set up their own schemes. Both solutions involve the use of True Potential's platform. Harrison (pictured) said the non-advised element of True Potential's recently-launched auto-enrolment offering is proving more popular, compared to advised AE business. This is mainly because the cap on how much can be charged for the advised service means intermediaries find it difficult to deliver profitably, he said. ...
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