This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914
Categories:Pensions

Friends Life unveils auto-enrolment proposition

  • Print
  • Comment

Friends Life has revealed details of an online automatic enrolment “hub” designed to help employers meet their duties under the reforms.

The hub will collect employees’ payroll and HR systems and assess them against the new rules to determine what pension arrangements and contributions need to be made for each employee.

Friends Life managing director of corporate benefits Colin Williams (pictured) says: “Making auto-enrolment work will require employers to review their employee base for eligibility and contribution levels at every pay date.

“This will be a complex task, particularly for companies with large numbers of employees, or who pay wages weekly, have multiple payroll and HR systems or which have employees whose pay varies.

“Our hub will ease the burden for employers by acting as the link between HR and payroll systems and pension administration systems, making the process of getting the right employees into the right scheme simpler and ensuring ongoing management runs smoothly once each employer has passed the initial staging date.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Have you heard of cases of advised sales being disguised as execution-only?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments