The People’s Pension has launched an auto-enrolment package designed to help small employers navigate the auto-enrolment galaxy, Patrick Heath-Lay has said.
“Workplace pensions can be alien to people outside the industry. That is why we have developed a simple, hassle-free and high-support solution for busy people who just want to run their business, not get bogged down in pensions. Simplicity is the key,” the B&CE chief executive said.
The offering gives employers the ability to meet their AE requirements as they start to stage from January 2016.
A fast track option will help firms comply as quickly as possible and a tailored offering provides employers with a bespoke option.
Both options will have a range of payroll options, both manual and automatic, and a range of online tools and assessment options. The provider will also inform the regulator when employers have complied.
Adviser view
Christopher Daems, director of Kent-based Cervello Financial Planning, said: “I like the offering, and that they are helping out in a nice way by informing the regulator. Employers still need to consider whether it provides all of the other features and benefits, and is cost-effective for them, but it will certainly add value to the marketplace.”
