Sandringham unveils auto-enrolment consultancy
Sandringham Financial Partners has launched an auto-enrolment (AE) consultancy to support partners working to deliver auto-enrolment solutions for business clients.
Following Sandringham’s recent appointments of a new chairman and CEO, this new service, targeted at SMEs who are yet to stage, allows advisers to offer AE solutions to their clients, but without having to manage the back-office and payroll issues, says the company.
Sandringham’s AE trained partners work on a consultancy basis, advising on and implementing businesses’ AE needs, taking into consideration existing arrangements and processes; established pension provisions, payroll software and employee engagement.
The firm says it AE specialists will work with a robust panel of pensions providers, comprising Royal London, NEST, Aviva, Peoples Pension and Now: Pensions, enabling partners to provide a solution to match any SME’s requirements.
Tim Sargisson, chief executive at Sandringham, said: “With hundreds of thousands of small and medium sized businesses set to stage in the next year, auto-enrolment presents a fantastic opportunity for advisers. The Pensions Regulator has indicated that AE compliance will be their main focus and for many businesses this will be their first venture into a complex area.
“Intermediaries can therefore create tremendous goodwill and income by offering this service, as well as showcasing their knowledge and expertise to new clients.
“However, some advisers may not wish to conduct AE business and our system means that these partners can refer leads which can be redistributed. As a result, Sandringham’s partners are able to work with a higher number of clients across a wider range of services.”
A number of Financial Planning firms have launched auto-enrolment services.