50p pensions compliance product

A software system designed to help financial advisers provide essential pension compliance to the 968,545 micro firms in the UK employing fewer than 10 people has been launched by JargonFree founder Steve Bee.

JargonFree Pensions Compliance is a middleware product that will allow even the smallest firms in the UK to be pension compliant from as little as 50 pence per day per firm.

It is designed to accommodate weekly, monthly or fortnightly payroll cycles, or any combination of these, and has been designed to sit alongside other JargonFree solutions.

Commenting on this launch, Bee said: “What we have essentially created is agnostic, intelligent middleware service that provides advisers with the tools and technology needed to do business with the hundreds of thousands of micro-firms that will need to cope with auto-enrolment, and to facilitate strong, professional partnerships with accountants.”