Pensions Advice

babsa
babsa Well-KnownRegistered Posts: 118
Can anyone let me know if MIP's are able to help clients set up the pensions for auto enrolment or do they have to go to a Financial Advisor or a Pensions Advisor?

Thank you for any feedback.

Comments

  • Gem7321
    Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    You can help your clients set up their pensions, but you are not able to advise them about pensions/investments etc as this is a regulated area.
    babsa
  • babsa
    babsa Well-Known Registered Posts: 118
    Thank you, so as long as they say I want to go with ........ Pension provider I can then help them set up the scheme. Would it be a good idea to get the client to sign a letter saying that the pension provider is their own choice of company?
  • Gem7321
    Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    I personally don't think that's necessary but it would be advisable to send a revised letter of engagement saying what you will do and what your limitations are.
    babsa
  • babsa
    babsa Well-Known Registered Posts: 118
    Thank you for your help.
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