Pensions Advice

babsa
babsa Registered Posts: 115 Dedicated contributor 🦉
edited 12:15PM in AAT member discussion
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 Registered Posts: 1,412 Beyond epic contributor 🧙‍♂️
    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 Registered Posts: 115 Dedicated contributor 🦉
    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 Registered Posts: 1,412 Beyond epic contributor 🧙‍♂️
    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 Registered Posts: 115 Dedicated contributor 🦉
    Thank you for your help.

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