Advisers in demand but need to show their worth

Exclusive research among 662 reward and HR professionals has found that 70% are satisfied with their corporate adviser, and 23% are extremely satisfied.

The Employee Benefits/Friends Provident adviser research 2010, published this month, shows that advisers need to be on their toes. The vast majority of respondents review their advisers regularly (just 16% leave it longer than three years), and 27% of the sample had changed adviser in the past 12 months, mostly to achieve better value or because of poor service levels.

Upcoming pension changes, both in terms of tax for those earning more than £150,000 a year, and the reforms related to auto-enrolment and the national employment savings trust (Nest), will bring in plenty of work for advisers. The research shows that 66% of respondents plan to use advisers to help with pensions in the coming year, and 64% will use them to help with pensions legislation.

Read the full research report.

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