Aviva is launching a new tool for business advisers and accountants to help them create bespoke cost reports for clients facing auto-enrolment.
The reports, called ‘Auto-enrolment Costs Explained’ require a small amount of information and will then generate a breakdown of costs and charges. The adviser inputs details of their own charges and the client’s workforce and within minutes receive a link to the report.
The costs covered include those from the adviser, the set-up, administration and fund charges from Aviva, and the annual auto-enrolment contribution cost to the employer and their employees.
Aviva managing director of business solutions Andy Beswick says: “We understand that advisers and accountants want to be able to communicate the costs of auto-enrolment to their clients as clearly as possible. The ‘auto-enrolment costs explained’ reports do exactly that. Advisers can quickly and easily get a cost breakdown for their client which they can then share. It will give the employer and the adviser or accountant a clear indication of costs before they move on to the quote and apply system.
“We have been working hard to make auto-enrolment journey as smooth as it can be. We will work with businesses of all sizes, including micro employers, to help them fulfil their workplace pension obligations.”