Pension PlayPen “eAsEs” Legal & General back into the auto-enrolment market

Nov 15, 2016

London, UK, November 2016

From today, Pension PlayPen will be offering Legal and General’s (L&G) WorkSave Pension to all employers introduced via an intermediary.

In a unique deal, employers will use ITM’s eAsE software for a flat rate fee of £5pm*, without any additional worker fee. eAsE offers an application interface (API) to L&G’s systems, creating a front end for any employer using a workplace pension for auto-enrolment.

The arrangement is exclusively available through accountants, IFAs and other auto-enrolment agents, and will be open to employers with up to 100 workers.

Henry Tapper – Founder of Pension PlayPen commented;

“All year, most employers opting for a pension with us haven’t been able to choose L&G. This is because L&G have chosen to work exclusively with eAsE and pensionsync. While pensionsync works well in parts of the market, it depends on deep integration with payroll software and pension providers.

“In contrast, eAsE provides employers with a quick, cost effective and reliable way to remain compliant and use their pension scheme of choice. The eAsE system is payroll provider agnostic, and as such this new development has opened up a route for all employers to L&G.

“We are very pleased to partner with ITM to offer employers such a great deal on their auto-enrolment pensions. Whilst the deal will initially be available only through intermediaries, we also hope to extend the offer directly to employers in due course.”

 

Guy Ridley – MD of ITM added;

“We’ve been working with Pension PlayPen since its inception and see it as the best way for those employers without an adviser to choose a pension with due diligence. Pension Playpen gives us a way to put our technology to best use and in this case allow those who act as employer agents or advisers through PlayPen to choose a pension from the whole of the market.

“Our software enables direct access to L&G’S workplace savings plan, whilst ensuring that th hard-pressed heroes of auto-enrolment who need to process data each payroll period can maintain compliance without over-complicating processes.”

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