Auto-enrolment is not just a business opportunity for large employee benefit consultants and national IFA firms.
The policy compels all employers, regardless of size, enroll staff into pension schemes by 2017, starting with the largest employers and working down to those with just one employee. Small employers, therefore, may look to small, local IFA firms for advice. One-man IFA firm Sense IFA has already started on the basics by approaching firms with between ten and 50 employees and giving them the facts. "I am reorganizing my business into the regulated IFA side and the unregulatred employee benefit side," said Tim Warner, director of Sense IFA. "My method is to talk to small employers...
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