Scottish Widows launches dedicated auto enrolment adviser support
Scottish Widows has launched a dedicated automatic enrolment website and telephone based helpline, offering support and guidance to advisers in order to help them service their clients through all aspects of the new regulations.
The new website has been designed to include support material to all advisers who are active in the corporate pensions market, including step-by-step guides, factsheets, case studies and presentation slides.
The website also includes important information on the duties and responsibilities of employers, with details on staging dates and how best to assess their workforce in the run-up to enrolling their staff.
In addition to the new website, Scottish Widows has also created a helpdesk, with a team of technical experts on hand to answer enquiries on anything to do with the auto enrolment process. Advisers can receive information on the new helpdesk by contacting their local account manager.
Simon Massey, Intermediary and Corporate Pensions Director at Scottish Widows said:
"Employers across the UK are currently facing the challenge of becoming compliant with their duties in what is one of the biggest legislative changes we have seen in the industry. As part of our continued commitment to supporting advisers we have produced a wide range of support material which can be easily accessed in one central location.
"We have already witnessed automatic enrolment taking effect for the UK's largest employers. However, perhaps the biggest challenge will come over the next few years, with smaller companies approaching their individual staging dates who. It is therefore vitally important that the industry ensures advisers are fully equipped to help smaller businesses through the journey to becoming fully compliant, helping them put in place a solution which delivers good value for money for their employees at-retirement needs."
The website also includes important information on the duties and responsibilities of employers, with details on staging dates and how best to assess their workforce in the run-up to enrolling their staff.
In addition to the new website, Scottish Widows has also created a helpdesk, with a team of technical experts on hand to answer enquiries on anything to do with the auto enrolment process. Advisers can receive information on the new helpdesk by contacting their local account manager.
Simon Massey, Intermediary and Corporate Pensions Director at Scottish Widows said:
"Employers across the UK are currently facing the challenge of becoming compliant with their duties in what is one of the biggest legislative changes we have seen in the industry. As part of our continued commitment to supporting advisers we have produced a wide range of support material which can be easily accessed in one central location.
"We have already witnessed automatic enrolment taking effect for the UK's largest employers. However, perhaps the biggest challenge will come over the next few years, with smaller companies approaching their individual staging dates who. It is therefore vitally important that the industry ensures advisers are fully equipped to help smaller businesses through the journey to becoming fully compliant, helping them put in place a solution which delivers good value for money for their employees at-retirement needs."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
FCA confirms simplified mortgage rules

Lloyds
Lloyds sets aside extra £4bn for high-LTI mortgage lending

Government
Government publishes legislation to bring pensions into inheritance tax

Government
Government confirms launch of permanent Freedom to Buy mortgage scheme

Blogs
Jonathan Rubins: Drawing on equity: a new use case for secured overdrafts in business lending

FCA
FCA fines Barclays £42m over financial crime risks
