Pensions Act auto-enrolment help sheet
Advising clients on Auto-enrolment scheme choice
It had been widely thought that advising clients on the selection of an appropriate auto-enrolment pension scheme would be caught as being a regulated activity under the terms of the Financial Services and Markets Act.
However, guidance published in March 2014 jointly by the Financial Conduct Authority (FCA) and the Pensions Regulator (TPR) has confirmed that advising an employer in respect of scheme selection is not a regulated activity.
Advising staff on whether the scheme is appropriate for them is a regulated activity.
An updated ICAS help sheet has been produced - PDF [133 KB] which can be viewed here or watch the short video below.
The joint FCA and TPR guidance PDF can be found on The Pensions Regulator Website.