Half of smaller employers will not pay for AE advice - research

The report, compiled by GfK NOP financial for The Pensions Regulator (TPR), found that 46% of medium, 48% of small and 51% of microemployers were not prepared to pay for advice. However, 87% of large employers had either consulted or planned to consult with an external adviser. Smaller businesses are defined in the report as those with between 5 and 250 employees. These findings are despite the fact that 78% of advisers, who traditionally service smaller businesses, said they were planning to offer AE services to potential clients. The 129 advisers questioned said they felt the ...