Legal & General has a new technology partner for the SME auto enrolment market.

Tens of thousands of small businesses and millions of employees are scheduled to reach their staging date by the end 2018 and advisers will need efficient solutions to help clients meet those obligations.

ITM, a specialist data management provider, will work with L&G in a strategic partnership.

SME development manager at Legal & General said: 'We have supported one in five of all newly enrolled employees, so we know how important efficient set up and payroll processes are to running at scale."

"Our integration with ITMs software allows us to offer a quick, straightforward and cost effective solution to the many thousands of employers staging in 2016 and beyond."

ITM's 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.
ITM managing director Guy Ridley said the company is "delighted" to be announcing the partnership.

He said: "Many smaller firms need to stage their auto-enrolment over the next two years and can often view the approaching deadlines with trepidation."

"Advisers can be crucial in guiding these employers through the auto-enrolment procedure, but they also need to be sure they can rely on a fast automated process and the combination of eAsE and the L&G WorkSave plan will provide the fast and cost effective solution that the market requires."

He added that working with one of the country's leading financial services firms would not only help businesses across the UK to adopt the new scheme, but it would also make it "as easy as possible" for them to comply with the requirements.

First published 19.02.2016

Lindsay.sharman@wilmingtonplc.com