We are actually in the process of changing our systems for the new tax year. At the moment we have 2 solutions but going forward we will have one whereby the Employers costs can be flexed to make a provision for extra statutory costs where there is considered to be a risk. In many cases there will be no provision.
Each client is taken on by a Client Advisor who runs through a live Personal Illustration. The CA has discretion on "fees" and provisions and obviously the client has to effectively agree the net take home pay before proceeding.
I am still considering additional disclosure, albeit we have to be aware of the total absence of transparency from many competitor companies and a general lack of understanding within the industry as a whole.
Each client is taken on by a Client Advisor who runs through a live Personal Illustration. The CA has discretion on "fees" and provisions and obviously the client has to effectively agree the net take home pay before proceeding.
I am still considering additional disclosure, albeit we have to be aware of the total absence of transparency from many competitor companies and a general lack of understanding within the industry as a whole.
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