Two advisers' tips for setting auto-enrolment advice charges

HOW AND WHY

Nicola Brittain
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For some advisers, auto-enrolment (AE) is an unprofitable drag on time and resources; for others, its a once-in-a-career opportunity. Here, two IFAs explain how they would approach AE advice...

Allan Maxwell Director, Corporate Benefits Consulting "We approach each case as an individual project and explain where work is required from scratch. We charge a nominal fee for an initial investigation looking at how many employees are likely to be involved, and provide several costed plans accordingly. "Monetising an AE project is much easier with new clients. I am happy to provide a fixed price at outset following the initial investigation. "We have worked on many corporate pension schemes and understand how much we should charge for each stage of the process. "There would b...

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