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Now: Pensions launches 24-hour auto-enrol scheme set up tool

Now: Pensions has launched a new online service that allows employers to set up an auto-enrolment compliant pension scheme within 24 hours.

The provider says the online sign-up process allows employers to submit an application for a scheme in “minutes” without the need for a wet signature.

Once the application form has been submitted and verified, Now: Pensions says it will provide implementation details to the employer within 24 hours.

The launch of the new service comes ahead of a surge in the number of employers due to begin auto-enrolment, with around 30,000 firms expected to reach their staging date between April and the end of 2013.

Now: Pensions chief executive Morten Nilsson says: “Auto-enrolment is entering a critical phase and effective, efficient online systems are essential in order to keep pace with the market.

“For employers reaching their staging date over the coming months, tackling auto-enrolment can feel like a daunting and time consuming prospect. Being able to apply for and set up a scheme online in a matter of hours will make an onerous task much simpler and easier.”

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