Broadstone Corporate Benefits has partnered Standard Life to launch an auto-enrolment product for small and medium-sized enterprises (SMEs) that stage from January 2014.
Employers will have access to the auto-enrolment product via Standard Life’s group flexible retirement plan.
It includes:
- Online functionality for employers and employees.
- Unlimited switching for member’s investment funds.
- An actively-managed default investment fund and a wide range of additional fund options.
- A suite of employee and employer communications.
Mark Howlett (pictured), chief executive of Broadstone, said: “Our experience in advising and project managing auto-enrolment for large organisations highlights the need for a streamlined, process-driven product for SMEs seeking to minimise the use of internal resource and time, and contain cost.
“By partnering Standard Life as a principal provider for SME auto-enrolment, we can significantly reduce the burden on employers by ensuring a straightforward process with the security of knowing that it is underpinned by a reliable technology platform.”
