AeComply draws on the functionality of Aviva’s online Auto-enrolment Manager for Employers hub-based solution, which has the flexibility to operate across multiple providers’ pension schemes.
LEBC said the tool enables employers to robustly manage their long-term compliance requirements, including employee enrolments, contribution levels, opt outs, certification, payroll monitoring and communications.
AeComply also helps customers prepare for auto-enrolment by assessing the financial implications for their businesses. LEBC is using its advisory offering to provide enhanced scenario modelling, internal systems assessments and pension audits.
Glynn Jones, divisional director of group savings and investments with LEBC Group, said: “Employers recognise the need to minimise risk and cost relating to auto-enrolment compliance. However, many continue to grapple with reviews of existing arrangements, preparation for the staging date, as well as making and tracking contributions through the payroll.
“This cloud-based solution is powerful, secure and allows payroll to process auto-enrolment actions in real time. It removes the guesswork, by streamlining and formalising the process, while allowing employers to manage an unlimited number of payroll and pension providers.”