Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

COMPANIES DEMAND LONGER-TERM WORKPLACE PENSION AGREEMENTS

Published by Gbaf News

Posted on August 30, 2014

Featured image for article about Top Stories

Larger corporations are increasingly moving away from a one-off and project based approach to consulting with employees in relation to their workplace pension provision.

Instead these are firms are now seeking to put in place long-term service agreements as they seek to ensure their employees and pension scheme members have access to high quality advice.

This trend is expected to increase markedly once new pension freedoms are available to individuals in April 2015.

These observations come from deVere United Kingdom, the UK arm of deVere Group, one of the world’s largest independent financial advisory organisations, which launched its Workplace Solutions division in April this year.

deVere United Kingdom’s Head of Workplace Solutions, Mitch Hopkinson, explains: “Immediately upon entering this market we discovered not only the change in approach by employers, but the critical need for provision of high quality advice to employees and former employees in this very complex area.

“Evidence of our quality in the key areas of engagement with and advice to individuals immediately resulted in our securing a three-year appointment with a major multinational with a large UK presence. Achieving this so soon after we launched Workplace Solutions is astonishing and almost unheard of.”

Kevin White, deVere United Kingdom’s Head of Financial Planning, comments: “Given our relatively recent entry into this market, this appointment is a real validation of our Workplace Solutions team and of our potential to become the leading provider of high quality and cost effective advice across the UK, something we are committed to achieving in short order.”

He continues: “The recent publication of a thematic review by the Financial Conduct Authority (FCA) on advice provided to individuals who were made an Enhanced Transfer Value offer, demonstrates the challenges financial advisers in the UK face in the lead up to April 2015 and the increase in choices available to individuals.

“deVere United Kingdom fully intends to provide an industry lead in this sector and will make further key appointments to build on our early success.”