UK - Berkeley Berry Birch has moved its employee benefits division into a separate company.
The firm, Berry Birch and Noble Employee Benefits, will target small to medium-sized businesses paying a premium price for advice but receiving a “less than satisfactory” level of service.
Chief executive John Wilken said: “Most employers are not making best use of their benefits packages and are often paying too much for what is not valued by the employees.”
The new company will offer employee benefits consultancy, pension scheme administration, trusteeship, trustee training and independent trusteeship. It will work on either a fee or commission basis.
The Royal Society of Arts (RSA) has reignited the debate on the introduction of flat-rate pensions tax relief - saying a 30% flat rate would be progressive, cost-neutral and leave three-quarters of earners better off.
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