Rob Fisher, head of marketing, DC & workplace savings business, at Fidelity Worldwide Investment, outlines the two opportunities auto-enrolment offers advisers.
As important as the RDR is, history may well judge another major regulatory change in the financial services sector, which is taking place from next year, as more significant for the UK as a whole. Starting from October 2012, virtually all workers in this country will automatically become members of their employer’s pension scheme through auto-enrolment. This event could present a huge new business opportunity for advisers prepared to explore a massive new market. Auto-enrolment means that as many as eight million people who are not currently members of a workplace pension scheme will...
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