Scottish Life has announced that it is launching a new automatic enrolment proposition this week aimed at financial advisers, which the company says will provide a comprehensive planning solution for intermediaries to use with corporate clients.
The proposition has three core elements: design - assessment and modelling of options for scheme design; implement - project planning, experienced support with implementation; and run - ongoing services including compliance, communications, record keeping and governance.
Jamie Clark, business development manager, said that the most important message about auto-enrolment is that it is not just about pensions and is also about business planning.
He said: “With help from advisers and employers, Scottish Life has developed the complete solution for advisers to use with their corporate clients. It enables advisers to identify the most appropriate approach to AE for each individual client, it offers experienced planning and implementation support and it develops a comprehensive package of ongoing services.”
Ewan Smith, managing director of Scottish Life, said that over the last two years Scottish Life has spent a lot of time with advisers and employers to identify what the needs are.
Mr Smith added: “There’s one other message we hope advisers will take on board, don’t delay. There’s no point in waiting. Employers need support now, well ahead of their staging date.”