New Model Adviser - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Advisers team up to launch auto-enrolment service for IFAs

1 Comment
Advisers team up to launch auto-enrolment service for IFAs

Three financial advisers have teamed up to a launch a business that will help other IFAs market and deliver auto-enrolment advice.

Advisers Matthew Walne(pictured), managing director of Santorini Financial Planning, Chris Daems, director of Principal Financial Solutions, and Ian Highton, partner at Essential Financial Advisers, have joined forces with financial services social media consultant Bridget Greenwood to launch The Auto-Enrolment Advisory Group.

Walne said the business would perform scheme reviews and implementation for advisers and take care of all reporting and data handling requirements using the JargonFree Benefits middleware platform.

The business will also provide marketing materials to help advisers approach new and existing business owner clients.

Walne said the group would stop short of choosing which scheme provider to use, leaving it to the adviser to make that recommendation to their client.

‘Between the four of us we have created a business to help other advisers to be confident approaching auto-enrolment, and make money,’ he said. ‘We will provide a beginning-to-end process. We do the initial report, the payroll, data cleansing and so on. As far as we know no one has gone this far; it might be pretty big.’

Walne said advisers who used the group’s services would to charge their clients £3,000 for the report, recommendations and implementation, of which the group would take £1,500. The report would be presented under the IFA’s own name.

He said support service providers such as Threesixty and Simply Biz had expressed interest in using the firm’s services for their members.

Walne said he, Daems and Highton’s advice firm’s would all use the group for their own auto-enrolment clients. He said the new business would not impact their day-to-day client work as it would be highly systematised and they would answer technical queries through regular blogs and videos.

The business will launch formally on 28 October.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Comment & analysis