Barclays expands in SME AE space

Barclays Corporate and Employer Solutions has launched a new auto enrolment solution for the SME market, linking to schemes with either Aegon or Zurich.

The firm has appointed a dedicated SME consulting team to deliver the services and help employers navigate the auto enrolment process.

The newly created team is made up of advisors with employee benefits and pensions experience. It includes a Birmingham-based telephone advisory team, as well as a network of consultants located throughout the UK to deliver face-to-face auto enrolment counsel for clients.

In operation for just over a month, the team has so far secured over 20 new clients and has more than 200 other new leads. The team is planning further recruitment. 

The Barclays C&ES solution comprises services available in a modular format, including a ‘Fast Start’ workshop involving key decision-makers from within an organisation; mapping the options available to them, developing a bespoke strategy and personalised action plan for the company to deliver an auto enrolment scheme tailored to their requirements. A project management service is also available to support in delivery of the Fast Start project plan.  

Barclays Corporate & Employer Solutions head of employee benefit consulting Paul Wilson says: “This bespoke solution will bring the best of Barclays and the best of the market to SMEs through objective, tailored advice. It is this approach which we believe will make the solution, which has already proved extremely popular with clients, a success going forward.”