Broadstone Corporate Benefits has announced a strategic alliance with Standard Life for delivering a packaged auto-enrolment solution to small and medium enterprises (SMEs) staging from January 2014 onwards.
Broadstone’s clients will benefit from access to a streamlined auto-enrolment solution via Standard Life’s Group Flexible Retirement Plan that provides:
• online functionality for employer, employees and BROADSTONE
• unlimited member investment fund switching
• actively managed default investment fund and wide range of additional fund options
• a suite of member and employer communications
Mark Howlett, Chief Executive of Broadstone said: “Our experience of advising and project managing auto-enrolment for large, complex organisations highlights the need for a streamlined, process-driven solution for SMEs seeking to minimise use of internal resource and time and contain cost. The sheer number of employers commencing auto-enrolment in 2014 dictates that a process-driven solution is the safest way for SMEs to ensure that they meet their employer duties – particularly if they wake up to those responsibilities relatively close to their staging date.
By partnering with Standard Life as a principal provider for SME auto-enrolment we can significantly reduce the burden on our clients by ensuring a rapid, straightforward process with the security of knowing that it is underpinned by a reliable, tested, technology platform.”
Alan Reid, workplace distribution director, Standard Life adds: “With over 35,000 employers staging during 2014 there is going to be increasing demand for adviser services and for solutions which are simple and easy for employers to implement. We are looking forward to working with BROADSTONE and demonstrating our commitment to supporting small and medium-sized clients, and ultimately helping make auto-enrolment a success.”
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