Micros Systems to streamline pensions for auto-enrolment

Micros Systems is to streamline its six existing defined contribution (DC) pension schemes into a new group personal pension (GPP) plan to comply with its auto-enrolment duties.

The service provider for the hospitality and retail industries will auto-enrol around 1,000 employees on its staging date of 1 April 2014.

It has appointed Capita Employee Benefits to manage the auto-enrolment process and provide consultancy services.

Oliver Archer, finance director at Micros Systems, said: “We had reviewed our pension provision and decided to merge our current schemes in favour of one GPP scheme.

“Following a competitive tendering process, we chose Capita as it had the right combination of experience, expertise and technology through its online benefits portal, Orbit, for us to feel confident that we’d be able to achieve our goals and meet regulatory requirements.”