As automatic-enrolment (AE) reaches the end of staging dates in October, heralding a new era for workplace pensions, Aviva's Andy Beswick lists four key areas for financial advisers in the new marketplace…
With more than 600,000 employers set up on workplace pension schemes and more than eight million employees now saving through auto-enrolment, Beswick says the market offers plenty of opportunity for adviser involvement. "From October, businesses will no longer be given a staging date. Instead, any new company will have to set up their workplace pension within five weeks of taking on their first employee. "Small and medium-sized enterprises (SMEs) that had set up schemes three years ago when auto-enrolment was first introduced, may now be considering where improvements could be made to...
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