Nest has today (11 November) unveiled its new tool for intermediaries called Nest Connect.
Last month, FTAdviser exclusively revealed that the government’s flagship auto-enrolment provider Nest, is set to open its doors to financial advisers for the first time, with a system upgrade that will allow intermediaries to manage all of their employee relationships in one place.
Until now, the only entities that Nest recognised were employers and members, but the new ‘dashboard’ functionality is designed to make the process of using Nest as an adviser more efficient.
Nest Connect has been built specifically for intermediaries, and has already been hailed by its early users as ‘vital’ for intermediaries working with the high volumes of employers.
Intermediaries can set-up directly with Nest as a delegate organisation, building up a direct relationship with Nest without needing to be introduced by an employer, meaning that intermediaries can plan ahead and be set up and ready to deliver Nest when their clients need them.
They can also manage Nest for all their clients through one account - the hub allows intermediary firms to see all their clients on a personalised dashboard, using one login - removing the need for individual passwords for each client.
Finally, intermediaries can create bespoke access levels for different users within the intermediary organisation. Once the company profile has been created, they can set-up internal users with different levels of access to different employer accounts, aiding business continuity and information security.
Speaking to FTAdviser, Tim Jones, chief executive officer of Nest, said: “We just felt it was a necessary thing to build given that the job at work that we’ve been asked to do is to be ready for all of the business if it comes.”
He added: “Nest Connect was specifically developed to help intermediaries support employers. Users tell us that it enables them to build a flexible and effective proposition. They say that’s what automatic enrolment needs - solutions and products that make the process easier, especially as the volume of employers ramps up.”