Scottish Widows launches auto- enrolment product

Scottish Widows has launched an auto-enrolment product to help employers of all sizes comply with the incoming auto-enrolment legislation.

AssistMe, which is powered by technology by SBC Systems, will enable employers to add other pension schemes, such as The People’s Pension or the national employment savings trust (Nest), alongside Scottish Widows’ group personal pension (GPP) plan.

The product’s features include:

  • The ability to assess employee eligibility for auto-enrolment, calculate contributions, and deal with opt-outs, opt-ins and re-enrolment.
  • The mandatory communication templates required and a generated report to show employer compliance with their duties under the new legislation.
  • Interface with existing payroll systems.

Lynn Graves, head of business development, corporate pensions at Scottish Widows, said: “Technology and flexibility are crucial to making auto-enrolment a success, and we have built these into the very heart of our new product.”