Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Clapton Consultants; the chartered accountancy practice specialising in the financial services sector has responded to an industry survey from The Pensions Regulator suggesting that the level of interest in auto-enrolment among financial advisers has fallen markedly over the last twelve months.
Financial advisers have been urged to work with accountants to maximise the business opportunities presented by auto-enrolment.
Accountancy firm Clapton Consultants cited a recent survey by The Pensions Regulator which found the number of advisers that viewed auto-enrolment as a business opportunity had fallen markedly since the end of last year.
Accountancy firm Clapton Consultants says that advisers must now work more closely with accountants in order to deliver the best financial solution for their clients. The result, says the firm, would be that IFAs and accountants could better help their clients take full advantage of available tax breaks. It is calling for greater industry collaboration to address this issue.
Eric from Clapton Consultants says that advisers must now work more closely with accountants in order to deliver the best financial solution for their clients.
By collaborating more closely, IFAs and accountants are better placed to help clients take full advantage of available tax breaks and calls for greater industry collaboration to address this issue at its core.
Legislative changes to taxation laws prompted by this year’s Budget mean that advisers are now under increased pressure to take full advantage of the new tax breaks for savers. These include spousal income allowance, the savings allowance and the dividend nil rate band.
Eric spent some time discussing tax with Simon Rose on his Share Radio Show that takes a broader look at the world of money and work.
Listen to the interview here.
Advisers will need to demonstrate their value for money in 2016, as it gears up to be a year full of regulatory complexity and significant change in the world of pension advice.
According to independent consultancy Clapton Consultants, which was set up in October by Eric Clapton, the former chief executive of Wellian Investment Solutions, there are five core challenges that advisers will have to overcome, not least the auto-enrolment of micro firms and the outcome of the Financial Advice Market Review.
Accountancy professional body the Institute of Chartered Accountants in England and Wales (ICAEW) is encouraging accountants to become more involved in financial services to diversify revenue streams – but that should not mean taking clients from advisers, consultant Eric Clapton has said.
Eric Clapton, former CEO of Wellian Investment Solutions and a chartered accountant, has launched Clapton Consultants. The firm will provide accounting services to clients, but specialise in helping accountants collaborate with IFAs in offering financial advice.
The former chief executive of an investment firm has become the chairman of a new Financial Planning business and also launched a new company to support small adviser practices.
The former chief executive of an investment firm has become the chairman of a new Financial Planning business and also launched a new company to support small adviser practices.
