Given the amount of admin and data that is required to be processed accurately and on time auto-enrolment is impossible to implement without the help of technology. In fact choosing the right technology to help you meet all your auto-enrolment duties will not just help you do it right but will save you a lot of time and money.
The technology that helps you do all this is sometimes known as 'middleware' – a link that sits between your HR and payroll system, and the pension scheme.
A good system will allow you to run your pension scheme without touching the sides. As well as needing a system that works and is easy to administer it needs not to cost the earth. Auto-Enrolment.Co will help identify middleware that is right for you and then we will help you set it up along with the pension scheme so you have auto-enrolment up and running.
The system will help you:
To assess staff eligibility
To deal with all the contributions
Manage all the statutory communications
Manage opt-outs
With record keeping that is required
With ongoing administration
The system will also allow you to provide some great new benefits to your staff like total reward statements, discounts with major retailers and an internet portal allowing staff to access real time information on their pension.