You may well be hearing the acronym RDR at the moment and wondering what it is all about. It is referring to the Retail Distribution Review, which is one of the biggest overhauls of financial regulation since the Financial Services Act was introduced in 1986. It was instigated with a view to improving service levels and transparency and ensuring the interests of financial advisers and their clients are in line.

We have embraced these changes as we feel they compliment the service we are already offering our clients and can only help to improve standards across the industry as a whole. 

If you would like to find out more about RDR and the changes this will be implementing across the financial advice sector please have a look at the following link TinyURL.com/RDRexplained

Further to our blog entry from last week, The Pensions Regulator has now published an updated version of its guide to auto-enrolment duties for large employers and their advisers, reflecting changes brought about by the Pensions Act 2011 and recent regulations put before parliament.

This can be found here http://www.thepensionsregulator.gov.uk/pensions-reform/detailed-guidance.aspx

The Government have brought in auto-enrolment as a way of encouraging people to save for their retirement through their workplace. This is the most fundamental change to pensions since the introduction of the Basic State Pension in 1948. Starting in October 2012, this is to be phased in, on a compulsory enrolment basis, for all employees earning over £7,475 per annum.

At our sister company, Whichers Employee Benefits, we have the solution to the compliance requirements alongside the provision of other employee benefits and can even save companies already using these benefits through our Jargonfree Benefits product. Please see our website www.whichersebs.com for further information.

Welcome

Welcome to the new Whichers IFA website. We have made some improvement in order to share with you more clearly the developments and news from Whichers IFA. 

For starters we have this new blog, which will be updated with our current news and points of view.

You can find out about any developments and new products by subscribing to this blog.

We do look forward to hearing from you.