Standard Life has unveiled full details of its streamlined auto-enrolment solution for employers. The platform-based solution removes the initial and ongoing demands of data administration in the three key areas-eligibility assessment, waiting periods and opt outs.
Standard Life has been working closely with employers and advisers on the design and features of the platform to ensure it supports them through the introduction of auto-enrolment and beyond. The solution has been developed on Standard Life's award-winning pensions platform to provide a simple, clear and flexible customer journey for employers and their employees. The technology will link seamlessly with Standard Life's group flexible retirement plan and trust based pension.
Stephen Ingledew, managing director (Corporate) said "The next few years will be the most significant and challenging period the corporate benefits market has ever faced. Employers and trustees are moving into the new world of auto-enrolment and understandably they are looking to their advisers and providers to help them do this with minimal disruption.
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