One of East Anglia’s leading Employee Benefits advisors, Beckett Financial Services, has partnered with Standard Life to launch an auto-enrolment proposition for small and medium-sized enterprises (SMEs) that stage from April 2014.
Targeted at those with 250 staff and below, the proposition aims to provide an easy solution for employers who have not yet decided which scheme they will use for their staging date.
“The market for corporate pensions business continues to consolidate and we are committed to remaining a major intermediary for employers in East Anglia,” said Nicola Prince, Director of Employee Benefits at the Suffolk-based company. “Knowledge of the market and processes coupled with first-hand experience continues to prove a winning combination in the support of employers navigating their way through the demands of auto enrolment.”
The partnership with Standard Life enables Becketts to offer a tailor-made auto enrolment service to its customers that includes:
- Quick approval of terms
- Technology backed solution for communication at launch
- Weekly and monthly payroll solutions
- An actively-managed default investment fund and a wide range of additional fund options designed around delivering good member outcomes
- Compliance with Qualifying Workplace Pension Scheme legislation
Alan Reid, Workplace Distribution Director at Standard Life, said: “Our proposition makes the auto-enrolment staging process simple and streamlined for both advisers and their clients allowing them to focus on providing employees with good outcomes when they retire. We are looking forward to working with Beckett and demonstrating our commitment to supporting small and medium-sized clients.”
Prince added: “As with all our Workplace Pension Solutions we encourage employers to educate their employees about pensions in general to ensure they have a good outcome from their pension savings at retirement. Good member outcomes and practical support for employers is core to what we aim to deliver.”