Personal Pension  

Bookkeepers body launches AE solution with IFA

Bookkeepers body launches AE solution with IFA

The Institute of Certified Bookkeepers has launched a dedicated auto-enrolment portal in partnership with national advisory firm LEBC Group and pension provider Aviva.

The Pensions Solutions Portal provides ICB members with the knowledge and tools to talk to their clients about an auto-enrolment package that complies with the legislation, which will see about 600,000 small businesses needing to stage during 2016.

Accessible through the ICB’s website, it enables members to implement compliance software and ensure both the system and the schemes remain ready to meet the regulatory standard required.

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A statement from the institute also claimed the solution “cuts through the bureaucracy involved” with auto-enrolment by directing users to all the relevant paperwork such as statutory certificates, annual governance reports and the declarations of compliance. It then maintains a complete set of records to provide an audit trail.

LEBC’s divisional director Glynn Jones explained that in September 2014, his firm received accreditation from the ICB for its online auto-enrolment solution aeComply.

“We were naturally delighted to be asked to help with the development of the institute’s own portal which will be valuable for the huge number of smaller businesses having to stage in 2016,” he added.

By 31 December 2017, all employers will have a legal obligation to offer a pension to any eligible employee who is over the age of 22 and earning more than £10,000. The ICB suggested that bookkeepers have never been better placed to take on this extra responsibility.

ICB members also have the option of subcontracting the process to LEBC through its ‘Managed Service’ proposition.