Insurance company Aviva has launched an online automatic enrolment modelling and compliance solution for employers to manage their pension responsibilities.

The new solution entitled Auto-enrolment Manager for Employers (AME), is designed to enable employers and their advisers to efficiently prepare for automatic enrolment, as well as manage ongoing requirements such as employee enrolments, contribution levels, certification and payroll monitoring.

The hub-based solution connects to multiple pension schemes and payroll systems, and can be used across other providers' pensions, not just Aviva's.

It also produces written and electronic communications for employers to send to their employees to keep them informed about each stage of the process plus employers will be able to stay up to date with their compliance requirements at all times.

With financial modelling capabilities, AME allows employers to assess the implications of the various options open to them. Through this functionality, employers and advisers can assess the cost to the business of adopting different automatic enrolment approaches, such as the type of pension provision for their employees or the level of contributions made.

Aviva's managing director of corporate benefits, Graham Boffey, said: "We're at a turning-point in how Britain's workers save for their retirement as automatic enrolment brings pension saving to millions of workers for the first time. With employers taking much of the responsibility over the next few years it's important we provide solutions that are straightforward, fast and efficient.

"As a hub-based solution, AME connects to a diverse range of pension schemes, regardless of the provider, and securely processes data from payroll systems. Employers can use it whether they have one scheme in place or multiple schemes, and the additional modelling capabilities give them a head start in making the right decisions for their business."

First published 26.09.2012

azeevalkink@wilmington.co.uk