Tools for the job

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The trend for advisers to become ‘asset gatherers - consolidating client's investments onto a platform or wrap - is well advanced, with well-known benefits to both the adviser and the client.

However, the application of the same logic to pensions is several years behind, despite A-Day and all that has happened since. From the conversations I have had - and I’ve had a few - the reasons range from “pensions are complex” to existence of stakeholder alternatives. Of course, none of these issues are insurmountable per se, but if this kind of proposition is going to work, it needs to be done efficiently. Fortunately, help is available with most of the steps you need to take, although not all in one place. Broadly speaking, we can divide the administrative tasks into charges analysi...

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