is auto enrollment investment advice

hugh
hugh Registered Posts: 1
edited June 18 in AAT member discussion
If a client asks you to recommend a pension provider, are you by doing so providing investment advice ?
What would be the impact on our licencing position ?
Does anyone have a definitive answer.

Comments

  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,303
    Yes, I believe you would need to be regulated by the financial conduct authority to provide this service. You may recommend a local IFA who can provide advice.
  • paulstafford
    paulstafford Registered Posts: 126 Dedicated contributor 🦉
    You can recommend a pension provider to an employer, but not provide investment advice to their employees.

  • shamil91
    shamil91 Registered Posts: 90 Regular contributor ⭐
    Hi there,

    You should be able to provide advice in relation to pension providers, such as NEST or The peoples pensions, but you can not provide financial advice etc. In payroll some employers may ask for the payrollers advice on different pension providers.

    Hope this helps you out

    Kind regards

    Shamil Karia

Categories

Privacy Policy