Yet to choose a pension provider for your business? Take a look at this
As we’ve previously reported, The Pensions Regulator estimates that up to 570,000 UK businesses will stage for auto enrolment between now and April 2017, compared to 100,000 since October 2012.
Finding a pension provider that is right for your business is one of the key steps in your auto enrolment journey, and The Pensions Regulator encourage this to be done at least 12 months before your staging date.
If you’re an existing IRIS customer and would like to use Aviva for your workplace pension scheme, Aviva have launched a new auto enrolment ‘Quote & Apply’ system which they say can be completed in ten minutes. The system, which is fully automated, is aimed at advisors, accountants and payroll providers to help micro, small and medium-sized businesses manage their auto enrolment responsibilities more easily.
Aviva’s Managing Director of Business Solutions, Andy Beswick, had this to say:
“Advisers and accountants are going to play a vital role over the next two years as hundreds of thousands of SMEs and micro employers set up workplace pensions for the first time. I want to make sure that advisers have quick and easy access to terms and the application process from Aviva so they can get a good idea of which pension is best for their client. Being able to get terms and apply in a few minutes, for businesses of any size, should be a really attractive proposition to advisers and accountants.
“Once a business has its workplace pension scheme set up with Aviva, we then invest a lot of time in supporting and educating employers on what auto enrolment is and how to use our online systems. We have found that this approach gets the employer client off on the right footing with regards to their obligations and workloads under auto enrolment.”
Aviva is just one of the many pension providers that the industry's most comprehensive auto enrolment solution, the IRIS AE Suite™, will work with. We have a full list of compatible pension providers on our auto enrolment insight page.
Developed through close relations with pension providers, The Pensions Regulator, and customer feedback, the solution works within your payroll and is not a ‘middleware’ solution. Over 10% of the UK’s 6 million businesses who have now staged for auto enrolment use the IRIS AE Suite™, so you can relax in the knowledge that it will deliver push button automation.