View more on these topics

Scottish Widows launches auto-enrolment platform

Scottish Widows has launched auto-enrolment platform, AssistMe, which aims to help employers meet their obligations.

Widows says the platform has a single interface which employers can use to assess employees’ eligibility for automatic enrolment, calculate contributions and deal with opt-outs, opt-ins and re-enrolment.

The platform, which is powered by SBC Systems, can interface with existing pay roll systems and handle varying payroll periods.

Widows says the platform provides employers with the mandatory communications templates they require and generates reports to show compliance with their duties under new pensions reform legislation.

For employers who require a segmented approach, AssistMe enables use of the People’s Pension or Nest for auto-enrolment purposes alongside Widows’ group personal pension.

Head of business development, corporate pensions Lynn Graves says: “The introduction of auto-enrolment is just weeks away and we recognise the challenge this will bring to employers and advisers.

“Technology and employer flexibility are crucial to making auto-enrolment a success and we have built these into the very heart of our new solution. We know from our market research that employers are concerned about the administrative requirements of auto-enrolment and the Scottish Widows AssistMe solution directly addresses this concern.”

Hargreaves Lansdown head of advice Danny Cox says: “Payroll providers have been a little slow to come up with solutions and employers are looking to the pension providers to fill the gap. This type of system should help the process. 

“Much will depend upon how these systems run in practice and key to the success of auto-enrolment will be the commitment and engagement from the employer.”


Connect Mortgage Club launches website

Connect Mortgage Club has launched its new website which allows non-regulated advisers to transact buy-to-let, commercial and bridging business.

Cofunds launches unbundled pricing

Cofunds’ unbundled pricing model has gone live today. The platform first unveiled its Explicit Pricing Model in September last year. It is available with 1,700 clean share classes at launch and is made up of a £40 annual charge and a sliding scale of annual management charges from 0.29 per cent to 0.15 per cent. […]


NAPF ‘uneasy’ about pension for property proposal

The National Association of Pension Funds says it is “uneasy” about Government plans to allow people to use their pension pot as a guarantee to help their children raise a deposit to buy their first home. The Department for Work and Pensions and the Treasury are working through plans to allow parents and grandparents to […]

Threadneedle launches multi-asset absolute return fund

Threadneedle has launched a multi-asset absolute return fund for head of multi-asset allocation Toby Nangle. The Luxembourg-domiciled Multi-Asset Target Alpha fund aims to produce positive returns in all market environments and its target return is three-month USD Libor plus 5 per cent annualised over a 24 to 36-month period. The fund will invest in traditional […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm