Standard Life and payroll software provider Sage have teamed up to deliver auto-enrolment data to the provider through a streamlined process.
The partnership employers using Sage 50 payroll software will be able to send employee and pension contribution data securely to Standard Life with a single click.
Standard says the new process, which connects through Sage’s Pensions Data Exchange, replaces manual extraction and exchange of payroll files, giving small employers who do not typically have dedicated payroll or human resources functions to meet their auto enrolment obligations access to straight through processing.
Nest was the first provider to join Sage’s Pensions Data Exchange in October 2015.
Standard Life is also offering Sage 50 clients a 50 per cent discount if they set up a new workplace pension before 31 August 2017. The reduced price will apply for the entire lifetime of the Standard Life pension scheme.
Sage is offering a 50 per cent discount on the set-up fee of a new pensions module to these customers as well as to employers not currently with Sage who are setting up a Standard Life workplace pension. This offer is also available until 31 August 2017.
Standard Life head of employer & trustee proposition Alan Ritchie says: “2017 is a peak year for small businesses to take the first steps towards a high-quality workplace pension – we are over halfway through with 900,000 employers having staged and another 600,000 to come. By integrating with Sage’s leading payroll technology, we continue to support businesses to ensure their auto enrolment experience is a success.”
Sage director product marketing Dan Docherty says: “We develop our technology to ensure tasks, such as automatic enrolment, are as pain-free as possible for businesses.
“Companies can use our technology to assess their workforce and automatically enrol the required employees to ensure they comply with legislation. Along with all the automatic enrolment tasks, such as opt in, opt out and postponement, they can also import and export pension data. This makes the interaction between a company’s pension provider, such as Standard Life, and payroll as seamless as possible.”