NEST and unbiased.co.uk join forces on automatic enrolment

Unbiased.co.uk, the UK’s largest professional adviser search, is joining forces with NEST, the not-for-profit automatic enrolment scheme set up by government and open to any employer to use.

NEST and unbiased.co.uk will be holding a roundtable on Thursday 16 January to explore the diverse business approaches to automatic enrolment being taken by advisers. Chaired by the Chartered Insurance Institute (CII) and attended by NEST and unbiased.co.uk, advisers already offering automatic enrolment solutions will be discussing their experiences and approaches.

At the end of last year NEST relaunched its adviser site to provide financial advisers with tools and resources for automatic enrolment.  The NEST site includes a delegated access option, allowing advisers to help set up and manage automatic enrolment duties on an ongoing basis for their clients, with the employer setting the level of access the adviser has.

John Taylor, NEST Managing Director, Customer and Proposition, says: “Automatic enrolment is providing huge opportunities for advisers.  We know that as more and more employers reach their staging dates many will seek advice and support in setting up schemes.  Our research shows there is also appetite out there for employers to be running their schemes in conjunction with an adviser on an ongoing basis.  Employers may decide they want an adviser to manage their duties so they can concentrate on what they do best – running their business.

“Our recent adviser webinars have been extremely popular and we are continuing with these throughout 2014 for advisers who are keen to find out more about NEST and how it would work for their clients.  We’re also interested to hear from advisers about how they are making automatic enrolment work for them.”

Karen Barrett, Chief Executive of unbiased.co.uk, comments: “With many businesses setting up pension schemes for the first time, the demand for financial advice from employers is only set to increase.  Automatic enrolment will provide plenty of opportunity to advise clients both pre and post staging date and to get back in touch with existing business clients to talk about their pension-scheme needs.  We are thrilled to be working with NEST on this important change to UK workplace pensions and to help share NEST’s adviser resources with our adviser audience.”

Roundtable on 16 January: Many roads, one destination. 

NEST and unbiased.co.uk are holding a roundtable to explore the diverse business approaches to automatic enrolment being taken by advisers. Chaired by the CII, advisers already offering automatic enrolment solutions will be discussing their experiences and approaches.

For further information please email [email protected]

Forthcoming NEST events for advisers:

NEST adviser open house: making automatic enrolment work for your clients 21 January 2014, 11.00 am – 12.00pm More information and register

ENDS

For more information contact:

Anna Schirmer / Emily Falla / Kate Aitchison Lansons: 020 7294 3682

Caitlin Joyce, NEST: 020 3056 3668

For expert commentary or case studies from over 200 media-friendly advisers, journalists should visit unbiased.co.uk Bluebook - the media adviser directory

Twitter: @unbiased_co_uk

LinkedIn: Unbiased.co.uk - online networking for professional advisers

Notes to editors:

About unbiased.co.uk, the professional advice website:

The unbiased.co.uk website launched in 1998 and rapidly became the UK’s leading online destination for consumers and businesses looking to find an adviser.  Now attracting over one million visitors a year, unbiased.co.uk is the default adviser directory for consumer websites recommending their audience to ‘find an adviser’.

1. business.unbiased.co.uk. 

Unbiased Ltd promotes the benefits of financial and legal advice to consumers and businesses and would like to thank the following companies for their support:

Unbiased Ltd - Registered Office: 12-14 Berry St, London, EC1V 0AU.  Registered in England: No. 06775878.

Key facts about NEST:

• The government is currently introducing reforms that mean employers will have to automatically enrol most of their workers into a workplace pension scheme that meets or exceeds certain standards. They’ll also need to make a minimum contribution for many of these workers.  

• NEST, which was established by government as part of these reforms, is a national defined contribution workplace pension scheme available to all employers to meet their new duties. It is designed around the needs of people who are largely new to pension saving, with clear communications, low charges and easy online tools and services. It is run as a trust-based scheme, on a not-for-profit basis, and the trustee has a legal duty to act in its members’ interests.

• NEST has a public service obligation to accept any employer (whatever its size) which wants to use the scheme to meet their duties, as a sole scheme or alongside other provision.