Pension PlayPen has launched a free comparison tool to rate and compare quotes from all the main pension providers.
The service, Choose a Pension (CAP), will also allow employers to assess their workforce and find out how much auto-enrolment (AE) will cost; work out the contribution rate that is right for them.
The service compares the providers using simple star ratings.
The system is based on best actuarial practice and uses a methodology and analytics supplied by First Actuarial, the advisory firm that is part owner of Pension PlayPen.
Pension PlayPen founding editor Henry Tapper (pictured) said the Retail Distribution Review (RDR), the ban on consultancy charges, the Office of Fair Trading (OFT) report, and the Department for Work and Pensions' (DWP) consultation on a charge cap had demonstrated not just a weak buy side but also how little support employers get to choose the right pension for their staff.
Tapper said employers wanted to feel they were both getting the best possible deal for their employers and were taking on no unnecessary corporate risks.
However, he warned this was difficult as advisers had been leaving the workplace pensions market "in their droves" leaving an "advisory gap" for smaller employers.
"There is an advisory gap between where employers want to be - providing a good workplace pension - and where they currently are: destitute of advice and struggling with how to provide members with a good workplace pension," said Tapper.
He added the comparison site was designed for those smaller employers staging from 2014 and beyond, when the numbers of companies staging rockets and the resource to help them all but disappears.
Tapper added: "We have broken down all the obstacles to getting a good workplace pension and with no fees, no hidden charges and no commissions, every employer in the UK can get pension smart."
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