Broadstone partners Standard Life for auto-enrolment product

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.”