Working with Us
Workplace pensions are now here for small and medium sized British businesses (SME). It is already up and running for large businesses whose staging dates started in October 2012 and finished in April 2015.
However, despite widespread discussion around the legislation and what it means among those of us in the financial services industry, it seems that many businesses are still blissfully unaware of what is around the corner. We receive numerous ‘distress’ calls, some of which are from businesses that need to be workplace pension ready within the space of a fortnight and have yet to start the ball rolling.
Those businesses that have workplace pensions on their radar will realise what a huge task they have on their hands. With our figures from the Centre for Economic and Business Research (Cebr) showing that preparing for workplace pension involves 33 different tasks which could take up to 103 man days in total. This is a big challenge for any businesses to undertake and that’s without considering the responsibility of choosing a pension scheme for employees and the looming capacity crunch.
With up to 250,000 businesses per quarter all required to enrol their eligible employees into pension scheme between now and the end of 2017 – there will be an unprecedented market demand and it’s very likely that the market will be unable to cope with processing so many applications at once.
So what does this mean for IFAs and other professional intermediaries?
Workplace pension provides advisers with a huge opportunity to make a real difference to their current and potential clients, which means it also poses a risk for those who aren’t prepared.
For Professional Advisors
The sheer magnitude of the task of getting ready for workplace pensions means that many business leaders will want professional advice. Put simply, those IFAs/Accountants who are able to guide businesses through the process effectively and select quality pension schemes while avoiding capacity problems, will have happy customers. Berkeley & Wharf, WPAS can assist with developing a good reputation as a sound workplace pension adviser and will only have a positive impact on winning new clients.
With every employer in the country required to automatically enrol all their eligible workers into a pension scheme, advisers cannot get workplace pension advice wrong.
By speaking with Berkeley & Wharf, WPAS you can take the stress out of workplace pensions……..
Do you want to join us and become a Workplace Pension Specialist
If you are looking for an exciting opportunity to join our self-employed team of Local Workplace Place Pension Specialists then we want to hear from you.
No experience required as full training provided but it would be helpful if you have worked within the B2B sector either in a field sales environment or a telesales role.
We are the WPAS Master Agents for:
- London + Greater London
- Kent/Surrey/Sussex/Hampshire/Isle of Wight