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Compass Finance receives FSA authorisation

It has been granted permission under Part IV of the Financial Services and Markets Act 2000. The notice confirming authorisation will be effective from October 31 2004.

Chris Smith, chief executive of Compass Finance, says: “We are delighted to have received our scope of permission notice from the FSA. It is credit to everyone at Compass Finance who has worked hard over the course of the last year to prepare the business for regulation.

“We are now looking forward to working within the regulatory environment and continuing to provide the high standards of service our customers expect and deserve.”

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Praise for the FSA where it&#39s due

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Guide

Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.