Business and technology firm Logica has partnered with Australian superannuation exchange SuperChoice to launch an auto-enrolment product to help employers meet the legislative requirements of the 2012 pension reforms.
The product is based on the SuperChoice technology platform, which provides online contribution processing systems to around 40% of Australia’s largest pension providers and enables employers to enrol staff and interface into payroll systems for automated contribution processing.
Logica and SuperChoice will work together to provide consulting, support and guidance for the implementation of the product. It will be available to coincide with the earliest expected implementation date of auto-enrolment.
Allison Fower, head of wealth management at Logica UK, said: “Pension provision in the UK is under the spotlight due to rising costs and increased regulation.
“Pension scheme providers need a simple solution that will enable them to easily auto-enrol employees without adding further pressure to the employer’s HR and finance teams. Employers will be looking for pension providers which can make the process easier.”
Peter Philip, chief executive officer at SuperChoice, added: “We have chosen to partner with Logica to bring the SuperChoice product to the UK market because Logica has a strong understanding and knowledge of both the financial services market and supporting UK organisations with their HR services.”
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