National IFA and employee benefits consultancy LEBC Group has developed an online solution to help alleviate the impending capacity crisis being created by compulsory pension auto-enrolment.
æComply is an automatic enrolment tool that enables all employers, regardless of size, to manage their short and long-term compliance requirements and subsequently reduce the risk of thousands of employers incurring unnecessary non-compliance fines. During 2014, over 33,000 employers with 3.5 million employees will have their staging dates for auto-enrolment, with around 25,000 employers in May and July alone. As auto-enrolment gathers pace, capacity within the pensions industry will inevitably come under severe pressure and that will include pension providers, payroll and software pr...
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