Scottish Life has launched its online auto-enrolment proposition, designed to help advisers boost their corporate business.
The firm, the specialist pension arm of Royal London, said the advent of auto-enrolment into workplace pension schemes was a massive opportunity for advisers to build their corporate client base as every business will eventually be affected.
Business development manager Jamie Clark said the package had been designed as a step-by-step programme with design, implementation and run phases.
He said: “The single most important message about automatic enrolment is that it’s not just about pensions: it is about business planning.”
Clark said SMEs need to think about their automatic enrolment responsibilities at least a year before their staging date, and it is likely they will look to their adviser or accountant for help.
He added that advisers could charge fees for their preliminary work during the design phase - for example getting together staff and payroll information, and choosing the type pension scheme - while the use of Scottish Life’s online auto-enrolment platform is free of charge.
The firm developed the system with the help of advisers.
It added that while its aim was the attract new business through the system advisers were able to recommend any provider while still using the design phase tools.
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