Midlands IFA Roberts Clark has been holding emergency stakeholder workshops to help employers designate a provider before the October 8 deadline.
The IFA, which set up in practice last year and has two RIs, has seen an average of 30 employers attending its sessions and has designated around 25 schemes per workshop. The sessions were organised through links with local business groups.
The employers see a presentation about stakeholder, followed by detailed information on each provider. They can then designate a scheme with their chosen provider.
The IFA says the success of the first round of workshops means it is planning to hold another series in the first week of October to ensure employers get a scheme set up in time.
Director Ashley Clark says: “Employers like having their hand held through this process and, at the end of the session, out walk 20 happy company directors. Now we are getting spin-off business from the attendees. That is what stakeholder is really about for IFAs – getting in with the decision-makers and converting designations into real business.”