Aegon UK launches auto-enrolment product

Aegon UK has launched an auto-enrolment product, SmartEnrol, in time to support its first pension schemes that reach their staging dates this month.

The product is available to employers with new and existing Aegon group pension schemes. It will allow employers to manage employee categorisation, communication, new entrants and payment.

In February 2012, Aegon announced it would be working with technology firm Logica to develop the product.

Richard Dallas, group marketing director at Aegon UK, said: “Between 2012 and 2018 more than eleven million people in the UK will be automatically enrolled into a workplace pension scheme.

“It’s the employers’ responsibility to ensure they categorise and communicate with their employees. Employers need to manage the opt-in, opt-out and joining instructions from their employees.

“These changes bring a new set of reporting requirements to The Pensions Regulator and employers will face fines for non-compliance. We’ve designed SmartEnrol to make it easier for employers to meet their obligations under pensions reform.”

Readers' comments (2)

  • Can you please tell me where the link is for SmartEnrol so that I can join the pension scheme.

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  • I have had three lots of information from your company regarding retirement pension with the company I work for....
    I have already replied to two lots of information opting out of the scheme . You have sent me a further letter saying basically you have ignored me and are going ahead with the pension scheme and money has been taken from my wages to this effect, I am furious....

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