Pensions Advice

babsa

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.

Gem7321

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

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

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

Thank you for your help.