UK - Almost nine out of ten defined contribution (DC) scheme experts believe employees look for workplace advice on pensions.
However, the NAPF warned that, pending the findings of the Thoresen review of generic financial advice, advisers must steer clear of providing 'regulated' advice.
Joanne Segars, chief executive, NAPF, said: "Employees do not just want standard information, they want in-depth information, much of which could be bordering on regulated advice.
"It means the skills of the employer have to be widened especially in being able to judge the difference. It can be a fine line but for the employer, it is a crucial legal and regulatory line."
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.