ITM has announced a strategic partnership with Legal & General (L&G). The specialist data management provider will work with L&G as a software technology partner for the SME auto enrolment market.
With tens of thousands of small businesses and millions of employees scheduled to reach their staging date by the end of 2018, advisers will face challenges as they strive to find efficient solutions to help their clients meet their Auto Enrolment obligations and find a good quality pension scheme for their employees.
ITM’s market leading eAsE software will now provide direct links into L&G’s WorkSave Pension Scheme, offering advisers an industry leading and streamlined software solution. L&G will accept any employer about to stage and apply no initial or ongoing employer charges.
Guy Ridley, Manager Director at ITM said:
“We are delighted to announce this strategic partnership with Legal & General. Many smaller firms need to stage their auto-enrolment over the next 2 years, and can often view the approaching deadlines with trepidation. Advisers can be crucial in guiding these employers through the auto-enrolment process, but they also need to be sure they can rely on a single software solution that can provide a fast automated process.
“The combination of eAsE and the L&G WorkSave Scheme will provide the fast and cost effective solution that the market requires. Working together in this way with one of the country’s leading financial services firms, we will help businesses across the UK to adopt the new scheme, and make it as easy as possible for them to comply with the requirements.”
Alain Caplan, SME Development Manager at Legal & General said:
“We have supported one in five of all newly enrolled employees, so know how important efficient setup and payroll processes are to running at scale. Our integration with ITM’s eAsE software allows us to offer a quick, straightforward and cost effective solution to the many thousands of employers staging in 2016 and beyond.”