Scottish Life is the latest provider to announce a partnership with Nest which see it offering an integrated automatic enrolment solution with the provider.
The Automatic Enrolment Service from Scottish Life will provide employers with an employer duties service for all employees of a company regardless of whether the pension pot is supplied by Nest or Scottish Life. Management information will be available from Scottish Life’s Automatic Enrolment Service at employer level to allow employers and advisers to demonstrate compliance with the rules.
Helen Dean, managing director, scheme development at Nest says: “Employers have told us that they intend to use Nest in a wide variety of ways to help meet their duties under automatic enrolment. In many cases, that will involve a partnership with another provider and we look forward to working closely with Scottish Life to deliver high quality solutions for employers and their workers. Nest has been designed from the ground up to meet the diverse needs of employers of all shapes and sizes across the UK.”
Ewan Smith, managing director, Scottish Life says: “We know that many employers will want a one provider solution to meet their employer duties, but there are circumstances where this will not be practical. Our partnership with Nest will enable us to provide specific product solutions to clients who require different schemes for different groups of staff. We look forward to working with Nest to provide value added services to the employer.”