Financial Planners have been warned about failing to grab the opportunity to capitalise on the mass of medium sized businesses in need of auto-enrolment schemes.
A new wave of companies with 100 staff or less are set to stage from May 1
Tim Hines, business and strategy consultant at Optimus Consulting, said: "Many of these employers have no existing adviser relationship, making them prime prospects.
"This employer group are a perfect match for local advisers to serve with a well-considered scalable, competitively priced, end to end proposition.
"Every adviser has business owners on their client list who will expect help or be forced to look elsewhere.
"The window of opportunity is closing quickly, so advisers need a solution or will miss the boat."
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He said many advisers have yet to build an auto-enrolment proposition and he wants them to consider his company's new package. This includes templates for every stage of the auto-enrolment process for companies set to stage - the initial approach letter, enquiry report, fees and invoicing process, suitability report, control sheet, right through to scheme registration and sign off. Optimus said it will cost advisers a one off £6,000 payment.
Mr Hines said: "We believe that the vast majority of employers just want a straight forward no frills solution that doesn't inflate their costs more than is absolutely necessary."