Multi-employee pension schemesfriend or foe?

Opportunities for advisers to sell DC pension schemes in the smaller companies market could be restricted if an initiative from the NAPF is successful

The National Association of Pension Funds (NAPF) is looking to design a pensions fund framework that could eliminate the need for independent advice and sales commission for smaller companies. The association, whose members are responsible for running £600bn in pension scheme assets, has set up a working party to consider how best to design and promote multi-employer schemes that can be sold direct to employers. The outcome could make it harder for advisers to sell defined contribution (DC) schemes to small companies. The association says it will consider all scheme structures within ...