Aviva has introduced an online automatic enrolment modeling and compliance system to offer a speedy and secure way for employers to handle their continuing pension responsibilities.
The newly launched toll Auto-enrolment Manager for Employers (AME) has been designed to facilitate employers, working with their advisers, to prepare effectively for automatic enrolment, as well as manage on-going requirements such as employee enrolments, contribution levels, certification and payroll monitoring.
AME has been developed using the Software as a Service (SaaS) model, which connects to multiple pension schemes and payroll systems, and can be used across other providers’ pensions, not just Aviva.
Apart from fast data processing to meet compliance requirements, the platform also produces written and electronic communications for employers that can be used to keep their employees informed about each stage of the process, claims Aviva.
Using the tool, employers and advisers can determine the cost to the business by adopting different automatic enrolment approaches, such as the type of pension provision for their employees or the level of contributions made.
Commenting on the launch of new tool, Aviva’s managing director of corporate benefits Graham Boffey said, "As a hub-based solution, AME connects to a diverse range of pension schemes, regardless of the provider, and securely processes data from payroll systems."
"Employers can use it whether they have one scheme in place or multiple schemes, and the additional modelling capabilities give them a head start in making the right decisions for their business."