all wrapped up We ve got auto-enrolment for your clients DO IT NOW... Set up an auto enrolment solution for your clients today from just 599*

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1 We ve got auto-enrolment all wrapped up An award winning auto-enrolment pension solution for professional advisors for your clients Set up an auto for your clients today 599* 1

2 We ve got Workplace Pensions all wrapped up, for you & your clients AUTO ENROLMENT FACTS Soon, all employers in the UK will have to comply with specific duties under The Pensions Act 2008, which for many will mean setting up a Qualifying Workplace Pension Scheme. All employers have been allocated a staging date. By then, employers will be required by law to: Provide a Qualifying Workplace Pension Scheme (QWPS) for their eligible employees. Assess and notify all employees of their rights. Automatically enrol eligible employees into their QWPS. Pay pension contributions for any employees who join the QWPS. Set up an an auto auto for your clients today 599* 399* HOW CAN THE FSB HELP YOUR CLIENTS? Together with Scottish Widows, one of the UK s major pension providers, the Federation of Small Businesses (FSB) has developed an award winning and competitively priced auto-. Now you can offer this solution to your clients, helping them to solve their auto enrolment problems. The one-off set up charge, 599 *, includes the first year s membership of the FSB if they are not already members. Membership of the FSB, provide s a range of additional business benefits, specifically tailored to the needs of small businesses. * Prices are discounted for existing FSB members. WHY THE FSB PENSION SOLUTION WORKS FOR YOUR CLIENTS The FSB Pension Scheme for Members is exclusive to FSB Members and provides an opportunity for smaller employers to set up a QWPS for their business with terms that would normally only be available to larger employers. Most traditional pension providers will not offer schemes to small businesses, but the FSB scheme is available even if your clients only have one employee and has no miniumum contributions ** What s more, it is designed to allow members access to a pension scheme without the need for advice, thereby keeping costs down. UNIQUE FEATURES Exclusive to FSB members Low set up costs 599* No minimum number of employees N o minimum contributions required** Flexible contribution start date** Easy to set up and administer Full assistance and support Competitive annual management charges of just 0.55% Provided by Scottish Widows award winning pension provider An ideal opportunity for you to add value to your service and increase your revenues 2 * Discounted for existing FSB members. ** Until your client s staging date, when minimum contribution levels will apply. 3

3 It s as easy as ABC for your clients to comply and you can help... HOW IT WORKS We have made it incredibly easy. Just complete our introducer agreement. This includes a no-cross selling clause - the clients remain yours. For your clients all you have to do is request and complete an information pack and we ll do the rest. You can be sure that all client information will be treated in the strictest confidence. You can request an information pack by visiting our website at: or by calling us on We will not provide advice, but will manage all correspondence in order to set up the pension scheme for your client. The only other requirement is that your client is a member of the FSB to qualify for this exclusive QWPS (which we can also arrange on your behalf). WHY JOIN THE FSB? The Federation of Small Businesses is the UK s largest campaigning pressure group promoting and protecting the interests of the selfemployed and owners of small firms. Formed in 1974, it now has 200,000 members across 33 regions and 194 branches in the UK. Joining the FSB is easy, with first year membership costs already built into the FSB Pension Scheme set up charges. Membership includes a range of discounted and exclusive services and products available only to FSB Members. In addition to the FSB Pension Scheme for Members, your clients can also benefit from specially negotiated rates on a range of business services and products such as business banking, insurance services, card processing, telecoms and business finance. FSB Member Services Campaigning and Policy Legal and Tax Protection Legal Advice and Support Health and Safety Support Business Insurance Services Business Banking Services Independent Financial Services Card Payment Processing Telecoms and Data Services Print and Mailing Services Exclusive FSB Member benefits and offers include Free financial healthcheck worth 250 Free business banking * Free business telephone line installation ** 24/7 legal advice 4 * Some restrictions apply. Please visit for more information. ** Subject to a 3 year line rental contract. 5

4 WHAT S IN IT FOR YOU Finding a solution for your smaller clients will not be easy. You could, of course, use NEST or one of the other industry wide schemes. However traditional providers are restricting their offers to SME s by imposing limits on number of employees, minimum contributions and in some cases charging a set-up fee themselves. Helping you to promote auto-enrolment to your clients WHAT SUPPORT AND RESOURCES ARE AVAILABLE FOR YOU? Dedicated FSB Pension Scheme for Members website FSB Membership set up service Marketing literature and full pension scheme documentation Staff presentation templates marketing resources Marketing Communication templates Full process management for pension scheme set up Ongoing client communications Marketing fulfilment services The FSB Scheme enables you to offer your SME s access to a traditional provider, at minimal cost, with competitive terms and with support and help all the way to their staging date. You do not have to get involved, we will do all the work for you you do not need to become an expert on auto enrolment. Complying with the new pension rules does mean additional work for payroll providers. As well as providing a cost effective and compelling auto for your clients, which can only enhance your image with your clients, there is the opportunity for you to do additional work for your clients and earn from that work. FSB Pension Services publicly quote their fees, but should you do extra work in helping them comply with the new pension rules, or assist them with the set up process then you can charge your clients directly. We are committed to helping you provide all the information needed for your clients and giving them the best possible service. With a range of instantly available standard marketing templates and presentation materials, you can ensure that your clients are fully aware of their employer duties and help them fulfil their obligations with the FSB Pension Scheme for Members. In addition, you can choose to take advantage of our in-house design and print services to cobrand our Welcome Packs, standard documents and marketing materials with your logo, enabling you to provide a personalised and professional service to your clients. Note: Print charges will apply for co-branded Welcome Packs and other printed materials. Talk to us today about marketing support for YOU Staging date request service Remember, setting up an auto enrolment takes time. Don t leave it too late for your clients request an Information Pack today. In addition, the pension rules mean that payroll needs to assess the workforce at each pay period, communicate with employees, record all the actions taken, calculate deductions, and forward these to the pension provider. This can be done in most cases by the payroll software (or the FSB Scheme can provide AssistMe software) but does require additional time to be spent on it. This is an area that you can legitimately charge for. HOPKINS & SONS We ve got auto-enrolment all wrapped up for our members Set up your FSB Pension Scheme for Members today 399* HOPKINS & SONS We ve got auto-enrolment all wrapped up for our members Set up your FSB Pension Scheme for Members today 399* NOTE: Because FSB Pension Services are offering this scheme at a very cost effective price, there is no income from FSB Pension Services 6 available to you as a commission / introduction fee. 7

5 Standard Bureau Service Services and prices for you & your clients Full documentation, easy to use instructions and help to implement a Qualifying Workplace Pension Scheme Guidance in setting the scheme up A dedicated helpline and support to help administer the pension scheme up to staging date Configuration of the scheme to work with existing payroll systems Regular communications and updates on workplace pensions up to staging date The FSB Pension Scheme for Members has been designed to make setting a pension scheme up simple, costeffective and easy to understand. Many advisers are charging several 000 s to set a scheme up, but the FSB scheme has low fees as it does not need the input and time of a qualified adviser. In addition, the standard pricing includes the first year s fee for membership of the FSB, with discounted fees if your clients are already FSB members. The information opposite highlights the support services available from the FSB Pension Scheme for Members, it includes a bureau service to answer any queries or questions that you or your client may have. SCHEME SET UP AND IMPLEMENTATION Our aim is to make the set up procedure as straight-forward as possible for FSB members. We provide all the documentation, guides and information needed to implement their scheme, and we will also liaise with Scottish Widows on their behalf, providing a Policy Certificate when complete. We provide a dedicated pension scheme helpline and service to assist them with the administration required to implement their pension scheme. An employee engagement pack to assist with communicating the pension information to staff Access to a dedicated FSB Pension Scheme for Members website, full of useful information, tools and updates Help with transfer and consolidation options from existing pension schemes (additional charges will apply if advice is required) Access to a team of qualified independent financial advisers if required (additional charges will apply for individual site visits) No. of Employees Set-Up Charges (prices include first year s FSB membership) , , , , , Discounted Pricing for Existing FSB Members , , Existing Scheme Review If your client has an existing pension scheme in place it may be that this can be used to comply with their duties or an alternative solution may need to be sought. A fully qualified adviser will visit the client to discuss and agree their requirements, including the assessment of any existing schemes, and prepare a report for action. Subject to availability. FSB Pension Services reserve the right to withdraw this service. Pricing POA Staff Presentations This service is administered by one of our fully qualified financial advisors, about one month before staging date. They handle all questions that employees may have, on-site. This fee covers ½ a day, allowing for a minimum of 2 hours on-site. Subject to availability. FSB Pension Services reserve the right to withdraw this service. Pricing 300 (+VAT) 8 9

6 The staging date clock is ticking FOR YOUR CLIENTS TO COMPLY... Don t let your clients get caught out. Even if their staging dates are not for some time yet, you can still book their FSB Pension Scheme now and start contributions when they are ready. TO GET STARTED, JUST FOLLOW THESE SIMPLE STEPS Sign and return our standard Introducer Agreement to become authorised to promote the FSB Pension Scheme for Members. (If you do not have an agreement with this pack, please contact to request one). Discuss the FSB Pension Scheme for Members with your clients Sit back, and let us do the rest! Set up an auto for your clients today 599* 399* The Pensions Regulator recommends that firms should start planning compliance with the auto enrolment rules at least 12 months before their staging date. As their professional adviser we think you should : Compile a list of your clients staging dates (this can be identified by the PAYE reference number) Develop a plan to approach these clients, and offer them a solution remember if you don t someone else will! Request and complete an information pack for your clients, then return to us to complete the set up process (with details and instructions for joining the FSB, if required) It takes time to set a pension scheme up - PLEASE do not leave it until the last minute. With the FSB scheme, you can set the scheme up NOW, but start contributions when ready. Get in touch today and find out how YOU can help to solve your clients workplace pension problem. For an information pack Call us today on Compliance and FAQ s Q. WHO ARE THE RELEVANT PARTIES? A. The Federation of Small Businesses (FSB) wishes to promote the service that will give access to a Qualifying Workplace Pension Scheme (QWPS) to enable its members to comply with the Pensions Act Independent Financial Services (UK) Ltd (IFS) is an IFA appointed by the FSB to provide FCA regulated financial services products to its members and has arranged the FSB Pension Scheme for Members (FSB PSfM). FSB Independent Financial Services is a trading style of IFS. IFS Employee Benefits LLP (IFS EB) will provide the service and will be the principle point of contact for the Client. FSB Pension Services is a trading style of IFS EB. In paying their application fee, the Client is contracting solely with IFS EB to provide the Service. Scottish Widows plc. Provision of the Service will normally result in the QWPS being provided by the scheme which is exclusive to Scottish Widows. Q. WHO IS RESPONSIBLE FOR ADVICE? A. The FSB PSfM is a self-serve scheme, with no advice on its suitability given by IFS, IFS EB, the FSB or Scottish Widows. We simply provide enough information for your clients to make an informed decision on whether they feel the FSB PSfM is a suitable scheme for their QWPS. Q. CAN I PROVIDE ADVICE ABOUT THE SCHEME? A. Yes, but only if you are authorised by the FCA to do so. You can appraise your clients of the need to comply with the auto enrolment rules, and as part of that they need to choose a QWPS. You can also be factual. It s a scheme set up by the IFAs appointed by the FSB, and uses the bulk purchasing power of the FSB s 200,000 members to get special terms and conditions not normally available to SME s. You are responsible for any advice given. Q. WHAT ARE THOSE SPECIAL TERMS? A. They are all detailed within this document and fully explained in the information pack we will send to your clients. Briefly, it gives them access to a traditional, well known, pension provider with low charges, no need to see an adviser (thereby reducing set up fees to a minimum), and with no minimum contributions or number of employees. They also get help, guidance and support all the way through to their staging date. Q. WHAT IF I WANT TO USE ANOTHER AUTO ENROLMENT SCHEME FOR SOME OF MY CLIENTS? A. You can if you wish. By agreeing to work with FSB Pension Services, you are not restricted into only using the FSB PSfM, but it does give you access to a very attractive solution for you and your clients. Q. WHAT S IN IT FOR ME? A. Your clients will probably come to you for help on auto enrolment first. It is important that you are aware, knowledgeable and can help them with a solution. Most SME s just want the problem taken off their desks if you can help them achieve that, and at a low cost, and provide them with a quality pension scheme then your image with them can only be enhanced. In addition, you keep the clients in house and could possibly charge an additional fee for the administration of the FSB PSfM, especially if you already do their payroll. Q. WILL FSB PENSION SERVICES PAY ME ANY COMMISSION ON SCHEME SET UP? A. No, the fees are set to cover our administration time and designed to offer a low cost solution for SME s. If you do additional work for your clients in helping them to set the scheme up or ongoing administration, and wish to charge them, then that is between you and your client. Q. WHY SCOTTISH WIDOWS? A. They are one of the only traditional providers committed to helping SME s but can only do this commercially via large groups of employers. That is why they have given the FSB special terms. Q. HOW DOES THE SCHEME COMPARE TO OTHER SCHEMES? A. It is very competitive in many areas such as charges, but we leave you to have a look at any other schemes you may want to consider and make your own mind up. Q. WHO S CLIENT IS IT AND WILL YOU MARKET TO THEM AFTERWARDS A. Initially, we will simply progress the setting up of the FSB PSfM. We do not need (or want) to see the client. We agree not to market or cross-sell to your clients in the future. If you wish to work with us in the future providing financial advice to them, on your behalf, then we are happy to forge a relationship with you. Q. CAN YOU MANAGE TRANSFERS FROM OTHER PENSIONS? A. Yes. However, care must be taken to ensure a member is not disadvantaged by incurring any penalties or losing any special rights by transferring. Please get in touch with us for further information. Any Other Questions? Call and ask us! 10 11

7 Small Print BIG MESSAGE It is incumbent on you, whether you are an accountant, bookkeeper, payroll bureau, IFA or other professional person to comply with any rules pertaining to YOUR business activity. This to include Data Protection, Money Laundering, Professional Indemnity Insurance etc. Neither IFS employee Benefits LLP, IFS (UK) Ltd, the FSB or Scottish Widows will be held liable for any breaches of your own professional conduct. FSB Pension Services 404 The Waterfront Stonehouse Park Stonehouse GL10 3UT Tel: * Plus VAT. Current prices are variable dependent upon the number of employees, level of service selected and FSB membership status. ** Up to your staging date. After this, the minimum contribution levels set by the government ar applicable. The FSB Pension Scheme for Members has been arranged on behalf of the FSB for the benefit of FSB members by FSB Independent Financial Services, a trading style of Independent Financial Services (UK) Ltd (IFS). IFS is an appointed representative of IFS Aegis Ltd, which is authorised and regulated by the Financial Conduct Authority. FSB Pension Services is a trading style of IFS Employee Benefits LLP, who provide administrative support to enable access to the scheme, will provide sufficient information to enable members and their employees to make an informed decision as to the suitability of this contract. If after reading this information, you are still unsure as to whether this contract meets your requirements, please call IFS on A fee may be charged if financial advice is required. The FSB Pension Scheme for Members pension provider is Scottish Widows plc. Neither Scottish Widows nor the FSB are responsible for any advice given. Scottish Widows plc. Registered in Scotland No Registered Office in the United Kingdom at 69 Morrison Street, Edinburgh EH3 8YF. Telephone: Scottish Widows plc is authorised and regulated by the Financial Conduct Authority. Our FCA Register number is Independent Financial Services (UK) Ltd Remember, setting up a pension scheme takes time. Don t leave it too late for your clients request an Information Pack today. 12 For an information pack Call us today on