Scottish Life partners with Nest for auto-enrolment solution
Scottish Life, the pensions arm of the Royal London Group, has partnered with the National Employment Savings Trust to provide an integrated automatic enrolment solution to clients.
Scottish Life’s auto-enrolment service will allow employers to meet their obligations regardless of whether the pension pot is supplied by Scottish Life or Nest.
Scottish Life’s auto-enrolment service will provide employers with a duties service for all employees of a company regardless of whether the pension pot is supplied by Nest or Scottish Life.
Scottish Life and Nest have agreed how they will manage joint projects in the best interests of the customer, including how data and communications will be supplied smoothly between all parties.
Management information will be available from Scottish Life’s auto-enrolment service at employer level. This will help employers and advisers ensure they can demonstrate compliance with the rules.
Scottish Life and Nest will work together to ensure employers can meet any certification and registration requirements.
Ewan Smith, Managing Director of Scottish Life, said: “We know that many employers will want a one provider solution to meet their employer duties, but there are circumstances where this will not be practical.
“Our partnership with Nest will enable us to provide specific product solutions to clients who require different schemes for different groups of staff. We look forward to working with Nest to provide value added services to the employer.”