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.

Spofforths to offer corporate advice service

Spofforths to offer corporate advice service

Sussex-based Spofforths Financial Planning intends to launch a corporate advice proposition in 2014 to take advantage of auto-enrolment for small and medium-sized businesses.

Spofforths managing director Philip Wise (pictured) said he had identified 3,000 small employers among the firm’s accountancy business clients that were ‘ideal candidates’ for corporate advice.

Auto-enrolment began at the start of October for firms with 120,000 or more employees.

Firms with 50 employees or fewer will begin enrolling in April 2015. The Pensions Regulator has said it could take at least 18 months for a business to prepare for auto-enrolment.

Spofforths Financial Planning already serves micro-employers, with fewer than 50 staff, and Wise said he wanted to recruit an extra three advisers to extend this service to the accountancy clients.

‘Many of them [employers] will want to do as little as possible, just complying with the law, and we will be providing a service for these people too,’ he said.

‘The service will consist of advising employers of the best course of action, recommending a scheme, helping with implementation, then servicing.

‘If they take up the first element, they can choose to add on the second element, and so on. They could ask us to recommend a course of action and a scheme, then set it up themselves directly.’

Leave a comment!

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