Barclays Corporate and Employer Solutions has partnered with pension provider Standard Life to support small and medium-sized employers (SME) navigate the challenges of auto enrolment.
Its Barclays Auto Enrolment Advantage aims to help support organisations comply quickly, as the number of SMEs reaching their staging date increases.
Barclays will provide the guidance for employers and Standard Life will provide its Qualifying Workplace Pension Scheme.
Richard Phelps (pictured), head of Barclays Corporate & Employer Solutions, said: “We are at a critical point as SMEs now start reaching their staging dates in large numbers.
“Compliance with auto enrolment is often more complex and more time-consuming than many think and by launching this solution, we are helping employers to take action on auto enrolment now.
“Joining forces with Standard Life in this way means that organisations can benefit from our combined experience, giving them confidence in the process and a quality outcome for employees.”