Staffcare is to launch an auto-enrolment platform.
The product will manage the administration, compliance and reporting of employer’s auto-enrolment requirements.
It is available as a standalone product or can be used as an integrated suite of products, including total reward, flexible benefits and HR self-service.
The product also:
- Allows users to gauge the financial impact of the new legislation.
- Provides assistance in the setting up of a compliant scheme or ensuring existing schemes are compliant.
- Provides an employer portal to offer a link between payroll, HR, The Pensions Regulator, and pensions providers.
- Provides a secure employee site for data changes and pensions modelling.
Phil Hollingdale, chief executive officer at Staffcare, said: “Our focus has been to build a platform for advisers and consultants to use, which is pension provider agnostic and which can manage the auto-enrolment process from end to end, starting with an impact-analysis tool to assess the likely impact and cost for an employer, all the way through to employee communication and payroll reporting.
“We have focused on what features advisers will need to help set up and manage employers qualifying pension schemes, including all the complications around opt-ins and opt-outs.
“Managing auto-enrolment is very similar to managing a flexible benefits scheme. It is all about assessing member data, eligibility rules, contribution calculations, alerts, reminders, payroll and provider reporting, and member communication.”
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