NOW Pensions launches online file validator
23 February 2015
NOW Pensions has launched an online file validator tool to help employers, payroll bureaux and advisers avoid data errors when uploading payroll files to their portal.
According to NOW Pensions, mistakes and missing data in payroll files are a common cause of problems with the auto enrolment process across the industry. The file validator tool, NOW Pensions says has been built specifically to tackle this issue by allowing users of the NOW Pensions employer portal to test that the payroll file is in the correct format with all data cells complete, before it is uploaded to the live environment at which point correcting errors is more difficult. The file validator tool scans the payroll file and provides a report highlighting any problems it identifies such as a missing date of birth, e-mail address or gross pay figure, which could cause the file to be rejected.
This report can then be downloaded so that the employer, payroll bureau or adviser can correct the error in their payroll system and re-submit the file.
Read the full press release from NOW Pensions.
Creative Auto Enrolment launches solution to simplify auto enrolment for businesses
23 February 2015
Creative Auto Enrolment has launched an online auto enrolment solution in a bid to save small businesses from the herculean task of preparing to comply with the legislation. The new solution claims to cut down the administrative burden of getting ready for auto enrolment from 103 days to 103 seconds at no charge to the employer. Commenting on the new solution, David White, Managing Director of Creative Auto Enrolment, said: “It’s clear something needed to be done to help small businesses. Just recently, The Pensions Regulator revealed that yet more firms have been fined for failing to meet deadlines for enrolling staff into a pension scheme - an increase of 5500% in a matter of months. We’re pleased to launch our revolutionary online solution that will allow employers to get ready for auto enrolment in less than two minutes and focus on the more important role of running their business.” Many businesses have struggled to find a pension provider in time to meet their staging date; in fact Creative Auto Enrolment’s research revealed that 66% of employers feel that choosing a pension provider and a plan for employees’ savings is one of the tasks worrying them most. With this new service, employers are pre-accepted into a pension that invests with trusted life, pensions and investments business Scottish Widows. Peter Glancy, Head of Industry Development at Scottish Widows, said: “Working with Creative Auto Enrolment to support the investment services for this proposition, we are able to deliver on our commitment to ensuring as many people as possible are better equipped for retirement and towards a brighter financial future.”
The Master Trust invests in funds managed by Scottish Widows, is administered by HS Admin and has PAN Trustees on board as the independent trustee.
Creative Auto Enrolment is a member of the CIPPs Friends of Auto Enrolment which has been established to assist all organisations in understanding their duties with regards to automatic enrolment, to find out more visit www.friendsofae.org.uk
CIPP Policy News Journal
08/04/2015, Page 359 of 521
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