Article date: 22 April 2013
LEBC Group, the national IFA and employee benefits consultancy, has partnered with Aviva to create its online aeComply automatic enrolment tool.
aeComply draws on the rich functionality of Aviva’s online Auto-enrolment Manager for Employers (AME) hub-based solution, which has the flexibility to operate across multiple providers’ pension schemes.
The tool enables employers to robustly manage their long-term compliance requirements, including employee enrolments, contribution levels, opt outs, certification, payroll monitoring and communications.
aeComply also helps customers prepare for auto-enrolment, by assessing the financial implications for their businesses. LEBC is using its advisory offering to provide enhanced scenario modelling, internal systems assessments and pension audits.
Glynn Jones, Divisional Director of Group Savings & Investments with LEBC Group, said: “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.
“We are delighted to be teaming up with Aviva to offer a market leading solution for our clients.”
Brian Gabriel, Aviva’s Director of Corporate Benefits, said: “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.”
LEBC Group’s aeComply is supported by a dedicated in-house helpdesk team.
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If you are a journalist and would like further information, please contact:
Aviva: Diane Mangan : 01904 684164 or 07800 691 714, firstname.lastname@example.org
LEBC Group: Denise Hannestad : 0131 208 1500, email@example.com
Notes to editors:
Aviva provides insurance, savings and investment products to 34 million customers worldwide.
We are the UK’s largest insurer with over 14 million customers and one of Europe’s leading providers of life and general insurance. We combine strong life insurance, general insurance and asset management businesses under one powerful brand. We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which our people are proud to work.
We are ranked as one of the UK’s top ten most valuable brands and Aviva Plc is in the top 10% of socially responsible companies globally in the Dow Jones Sustainability World Index. In 2012 we invested £5.7m into our UK communities. One in three of our employees were involved in community investment activities which included giving nearly 30,000 hours.
Aviva is working in partnership with Railway Children through the Aviva Street to School programme to get children living or working on UK streets back into everyday life, especially education. Find out more at www.aviva.co.uk/street-to-school.
The Aviva media centre at www.aviva.com/media includes company information and a news release archive.
For broadcast-standard video, please visit http://www.aviva.com/media/video/. Follow us on twitter: www.twitter.com/avivaplc
Established in 2000, national IFA pensions and employee benefits consultancy LEBC Group provides impartial and independent financial advice. LEBC has offices in Birmingham, Bristol, Cardiff, Cambridge, Chertsey, Edinburgh, Glasgow, Hull, Leeds, Leicester, London, Manchester and Reading. http://www.lebc-group.com/
The Retirement Adviser, a division of LEBC Group, focuses on clients at the point of retirement. Its team, which won the coveted Money Marketing Award for the Best Retirement Adviser in 2013, helps clients understand their retirement income and options.
Follow us on Twitter: @LEBCGroup