Origen Financial Services is to launch a restricted advice proposition for the workplace market in the new year.
The proposition will be called Origen Workplace Solutions and run alongside the company's independent whole-of market offering.
It aims to take advantage of the recent introduction of auto-enrolment into the pensions market, according to the Origen's chief executive officer Mike Kirsch.
It will launch in the new year with ten staff from different parts of the business, Kirsch said he hopes the division will house 20 staff by the year-end 2013.
Origen Workplace Solutions will offer a ‘best of breed' package of services and products offering employers pensions, risk benefits, governance, advice and education modules.
Aegon's recently launched ARC workplace savings proposition will sit at the heart of the new proposition.
In addition, a bespoke benefits portal will provide access to the ARC savings platform, total reward statements, employee financial education and advice.
As well as providing a core auto enrolment solution, the proposition will offer a range of benefits at low rates. These will include tailored employee financial education and financial advice.
Kirsch added: "We have always seen the ability to create a ‘best of breed' restricted proposition as a natural outcome of the RDR.
"Market and regulatory change offers a once in a generation opportunity to create a valued proposition for companies who do not wish to engage on a whole of market basis.
"We think this proposition will particularly appeal to companies with between 25 and 250 employees."
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