Central Investment launches hi-tech Auto-Enrolment Pensions Portal

Aberdeen-based Central Investment, one of Scotland's leading firms of Independent Financial Advisors, has launched an advanced Auto-Enrolment Pensions Portal to meet the needs of its corporate pension clients.

The feature rich Auto-Enrolment Portal, provided by leading employee benefits software

specialists Staffcare, will allow Central Investment's clients to manage all aspects of their

responsibilities under the Pension Reform Regulations.

Changes to workplace pension regulations introduced on 1st October this year will affect all

employers in the UK. These new employer duties are being introduced in stages, with the

largest employers affected by the first staging date of 1st October 2012. Further staging

dates run until 2018.

Derek Robertson, Managing Director of Central Investment said, "We are leading the field

amongst IFAs by offering access to our own technology solution which is independent of any

pension provider. This is key for employers who don't wish to be tied into the administrative

practices of a single pension provider. Additionally, the providers will not take responsibility

for the employer's compliance with the regulations, so the administrative burden still remains

with the employer."

Central Investment's advanced Auto Enrolment Portal provides the firm's clients with a

single administrative resource, irrespective of the number of schemes and pension providers

involved. It calculates the financial impact of the new regulations, the effective dates and

assesses a scheme's ongoing compliance.

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Employees can be automatically categorised as defined within the regulations, with the

appropriate employee communications then being generated quickly and compliantly. The

Portal provides a seamless link between payroll and HR systems, the Pensions Regulator

and all major pension providers, including NEST, with a full audit trail of all actions being

created and reports submitted for regulatory purposes.

Derek Robertson commented; "Despite widespread publicity by the Pensions Regulator,

recent research by The Chartered Institute of Personnel and Development (CIPD) suggests

that some 68% of employers do not know when they have to implement plans to

automatically enrol their staff on pension schemes. IFA firms like Central Investment, with a

dedicated Corporate & Employee Benefits division and a stand-alone Auto-Enrolment Portal,

are able to help employers at every stage of the auto-enrolment journey, leaving them free to

concentrate on running their businesses."

Central Investment will celebrate its 40th anniversary in 2013 and currently has over

£500million of assets under management. The firm underwent a Management Buy Out in

March 2008 and is run by a team of six Board Directors.