News Article

Equiniti ICS launches UK’s first auto-enrolment outsourced provision using leading HR and payroll technology and service expertise

10th October 2011

Equiniti ICS, the leading UK-based HR and Payroll provider, has launched a fully outsourced auto-enrolment service. Equiniti ICS will manage all aspects of auto-enrolment administration for a company, utilising its specialist HR and payroll services and administration platform.

The fully tailored service is aimed at companies that would prefer to outsource their administration in order to control risk and costs, ensure compliance and minimise the need to increase resources.

Key elements of Equiniti’s outsourced auto-enrolment service:

• Managed employee communication
• Initial identification and auto-enrolment of eligible employees
• Opt-out communication and administration
• Ongoing – new employees, age or earning related adjustments which affect eligibility
• Re-enrolling employees who have opted out every 3 years
• Communicate details of new members to HR and payroll managers
• Comprehensive real-time reporting including client specified dashboards (see payroll example attached)
• Full regulatory reporting
• Completely autonomous and not dependent on pre-existing HR or payroll systems
• Full eligible employee support - telephone and internet, 120 staff Belfast service centre
• Pricing expected to be significantly cheaper than The Department for Work and Pensions’ estimated £43 per member in the first year. By way of comparison, Equiniti’s Payroll charges are estimated to be 30% cheaper than in-house provision.

Alan Foley, director of Equiniti ICS, said: “Since auto-enrolment was announced, the focus of attention has been scheme design which is entirely appropriate. However, for many companies, managing the logistics will be equally complex which is where Equiniti ICS’s auto-enrolment solution can be deployed as a completely outsourced service.

“For many companies auto-enrolment will involve a substantial financial and logistical expense in carrying out what is a significant one-off exercise as well as managing the ongoing requirements. We are therefore providing an outsourced solution for HR and payroll managers that complements our existing business offering and leverages our current service and technology platforms.”

For more information on our auto-enrolment solutions, visit www.equiniti-ics.com/hr-auto-enrolment or contact Alan Foley on 01635 262080 or alan.foley@equiniti-ics.com.