Standard Life has signed up its 1,000th new employer to its Good to Go auto enrolment pension proposition.
Launched in December 2013, Good to Go enables quote, apply and set up in less than 6 minutes using an automated, paperless process. Standard says the average processing time, from the adviser hitting the apply button to scheme set up completion and confirmation email being sent is now 46 seconds.
Standard says it now has over 3,000 Qualifying Workplace Pensions Schemes with more than 1.5 million UK workplace customers, almost 500,000 of who have joined through auto enrolment.
Standard Life workplace proposition director Graeme Bold says: “Last year we boosted our systems capacity – increasing the number of new members we are able to join each day from 4,000 to 60,000. And our investment in technology has also enabled us to deliver scheme set up in under 6 minutes. We have worked hard to ensure the 500,000 employees who have so far joined through auto enrolment have a great experience.”