Dominic Fryer, manager of corporate strategy and risk at Friends Provident, explains why advisers should be encouraging the use of workplace savings platforms.
Some might say the level of regulation imposed on the financial services industry has actually prevented individuals from taking responsibility in making their own financial decisions. The collective response is either ‘surely, the State will take care of me’, or ‘if it goes wrong, I can always complain’. However, with the advent of technology and the emergence of corporate platforms, it is increasingly possible for people to take responsibility for their own savings. The workplace is pivotal for encouraging a savings culture in the UK. Employers can plug the information gap by providing...
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