Amendments to the Financial Services and Markets Act could see the freeing up of a communication between advisers, employers and their employees, says a pensions expert.
Pensions strategy director at Legal & General Adrian Boulding hails the new rules, scheduled for the spring, as enabling employers to promote group personal and group stakeholder pensions. Boulding says: “An employer-led communication programme can play a key role in overcoming workforce apathy to pensions, and has the potential to reverse Britain’s declining pensions coverage.” He says while advisers are accustomed to working with the Financial Services and Markets Act, general employers are not entirely familiar with the rules and should not be expected to. This has caused employe...
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