The tool draws on Aviva’s online Auto-enrolment Manager for Employers (AME) hub-based solution, which has the flexibility to operate across multiple providers’ pension schemes and manages employee enrolments, contribution levels, opt outs, certification, payroll monitoring and communications.
The aeComply tool also assesses the financial implications of auto-enrolment for organisations,a assisting enhanced scenario modelling, internal systems assessments and pension audits.
LEBC Group divisional director of group savings & investments Glynn Jones says: “Employers recognise the need to minimise risk and cost relating to auto-enrolment compliance. However, many continue to grapple with reviews of existing arrangements, preparation for the staging date, as well as making and tracking contributions through the payroll.
“This cloud-based solution is powerful, secure and allows payroll to process auto-enrolment actions in real time. It removes the guesswork, by streamlining and formalising the process, while allowing employers to manage an unlimited number of payroll and pension providers.”
Aviva director of corporate benefits Brian Gabriel says: “Employers preparing for automatic enrolment need to allow a substantial period of time to complete their financial modelling, make the appropriate auto-enrolment decisions, and ensure they have the right tools in place to assist with their long-term compliance requirements.
“We designed AME from an employer’s perspective and know that they are looking for cost-effective and efficient ways to manage automatic enrolment in the long-term. LEBC’s aeComply brings together our technology and LEBC’s consulting expertise to create a powerful solution.”