Are IFAs missing out on workplace wins?

The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue.

The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters, and are actively looking for high quality advisers, particularly retirement specialists.

Partner at Secondsight, the employee benefits division of Foster Denovo, Matthew Mitten says: “This year we have seen an explosion in interest when it comes to workplace wellbeing.”

“However, what one employee needs will vary greatly compared with another. For example, a 20 year old graduate may find sufficient information online but a 55 year old may need to look towards more extensive financial planning.”

Read the full article on Money Marketing here.