Auto-enrolment is on the horizon for thousands of SME businesses. NEST, the mass-market pension provider, thinks it has just made it easier for advisers to capitalise on the business opportunity.
Automatic enrolment into workplace pension schemes will hit thousands of smaller employers in about 12 months, meaning some 22,000 businesses will have to meet their duties over a four-month period next summer. Many of those firms, and their bosses, will not have the time to do everything themselves and so will be looking to advisers for help. NEST, the low-cost mass-market pension scheme set up by the government, believes it has made an important change in its operations to make it easier for advisers to capitalise on the business opportunity provided through auto-enrolment. It ha...
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