Standard Life has teamed up with Barnett Waddingham to launch a 'consultancy light' auto enrolment (AE) solution for small and medium sized businesses.
The firms have targeted their packaged solution to the estimated 30,000 SMEs that are required by law to enrol their workforce in the next 18 months. Presenting the new solution on Thursday, Standard Life head of workplace strategy Jamie Jenkins said designing innovative new propositions was important to target the smaller firms that could not afford an old fashioned standard solution. AE will see around 850,000 SME employers enrol their workforce by 2017, up from around 30,000 in 2014, he said. Jenkins said: "The new world is different. It's not worse, it's just different in the s...
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