Awareness of auto-enrolment among intermediaries has improved since 2012, but knowledge gaps still remain among small business advisers, The Pensions Regulator (TPA)has said.
In research published today, TPR said the start of auto-enrolment had boosted knowledge across employee benefit consultants, pension consultants, administrators, independent financial advisers, payroll administrators and accountants. It added general knowledge and understanding of the requirements is high among intermediaries whose clients are already staging, such as IFAs (99% aware) and pension consultants (100% aware). However, there is still a lack of knowledge on specific issues even among these groups, TPR said. Just two in five financial consultants had a correct understandi...
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