Standard launches ‘6 minute’ AE plan

Standard Life, has launched an online auto enrolment solution that gives advisers and their small and medium-sized clients with a decision on scheme terms within 60 seconds and the ability to implement a qualifying workplace pension scheme (QWPS) within minutes.

The online packaged solution, called ‘Good to go’, is available now and offers the ability to set up a new qualifying pension scheme in six minutes, online support to help advisers and their clients at each stage and tools to help assess the workforce, calculate the cost of auto enrolment and produce a comprehensive plan of the actions the employer needs to take.

It also offers a suite of employee communications to explain the benefits of the scheme

Standard Life workplace proposition director Graeme Bold says: “In 2014 nearly 35,000 employers will be implementing auto enrolment into their businesses. That poses a big challenge for advisers looking to put in place solutions that not only fit the needs of their SME clients but which also focuses on providing employees with good outcomes when they retire.

“We have drawn on our experience of working with the largest employers and taken all of the key elements of our wider proposition and technology to build a packaged online solution. The solution provides employers with a quality pension arrangement for their employees and enables advisers to support auto enrolment implementations quickly and easily.”