Small business auto-enrolment service launches

Enrolsme, which was set up by financial advisers Foster Denovo at the end of last year, says it can help smaller businesses which have left it too late, and can even help companies comply with AE in less than an hour.

The non-advised process involves a simple three-step process to help businesses comply with the legislation and wind up with a good quality pension scheme provided by either Standard Life or People’s Pension.

“We’ve taken out a lot of the stuff that we think businesses don’t need to know about,” Mathew Mitten, director of Enrolsme told AccountingWEB. “The regulator wants you to know chapter and verse about the various legislation. We’ve got essentially the same steps but shortened the whole process. If they’ve got an existing pension scheme or complex payroll situation, then we’re probably not the right solutions for them. But we are the right solution for 80% of these 1.5m companies that don’t have a pension scheme and have a relatively straightforward situation with regards to their payroll.”

Mitten told AccountingWEB that 2015 was going to be a real crunch point in the AE programme not only for businesses, but for their accountants too.

“Accountants should be putting automatic enrolment on the agenda for every client meeting this year. As professionals, they are generally good planners; whereas many of their clients are unlikely to be so efficient,” Mitten said.

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