Standard Life is to launch an auto-enrolment product, which removes the demands of data administration in three key areas: eligibility assessment, waiting periods and opt-outs.
The product has been developed on Standard Life’s pension platform. The technology will link with the provider's group flexible retirement plan and trust-based pension scheme.
Stephen Ingledew, corporate managing director at Standard Life, said: “The next few years will be the most significant and challenging period the corporate benefits market has ever faced.
“Employers and trustees are moving into the new world of auto-enrolment and understandably they are looking to their advisers and providers to help them do this with minimal disruption.
“It was therefore essential we worked with employers and advisers to develop our auto-enrolment platform.”
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