Independent financial adviser AWD Chase de Vere has launched an auto-enrolment product for small and medium-sized enterprises (SMEs).
Its product, AE+, has been designed to meet SMEs’ requirements around auto-enrolment duties.
AE+ enables employers to meet their own objectives from complying with the basic requirements of the legislation to structuring a full benefits package.
It provides a three stage process, from which employers can select as many as they require according to their budget, objectives and in-house capabilities.
The three stages are:
1. Analysing: This process will provide basic information to employers to help ensure compliance with auto-enrolment rules.
2. Design: This stage will help organisations search through the different types of pensions available.
3. Delivery: This method will help employers implement their selected pension scheme for auto-enrolment.
Jon Dixon, corporate advice manager at AWD Chase de Vere (pictured), said: “The biggest challenge for SMEs, which may have little or no spare human resource, finance or payroll capacity, is how they plan for and then embed a complex set of new regulations into their daily working processes.”