Employers that are unwilling or unable to pay an explicit fee to a ?nancial adviser will not bene?t from the advice and support that advisers can bring, which could restrict the choice of provider.
This could lead to worse member outcomes due to restricted investment choice, lack of workplace marketing material and lack of access to advice.
This might increase opt-out rates, further undermining the auto-enrolment policy intention.
Jamie Clark is business development manager is Scottish Life
