The new compliance monitoring tool, ‘Auto-enrolment Manager for Employers’, aims to help employers manage their regulatory requirements across multiple provider schemes.
Other new tools launched by Aviva include the Work:Life hub, which aims to help employees manage their pension savings. As part of the Work:Life hub, the new online financial planning tool Lifeplanner aims to help employees plan for long-term financial goals.
From summer 2012, the Work:Life hub will offer employees access to their group personal pension, reward statements, flexible and voluntary benefits, and Aviva’s pension tracker and Lifeplanner tools.
In the first half of 2013 Aviva will offer a new investment proposition, including access to a group Sipp, corporate Isas, a general invsetment account, child Sipp and a junior Isa.
Iain Oliver, head of workplace savings for Aviva, said: “As employers and advisers start to focus on how to implement their automatic enrolment solutions, it’s essential they have the support to do so efficiently and effectively.
“Meeting the day-to-day automatic enrolment obligations will be demanding for employers. This is why we’ve developed our AME compliance monitoring tool. It has the advantage of supporting employers across multiple pension schemes.”