Scottish Life launches automatic enrolment knowledge builder
02 May 2012
Scottish Life, the pensions specialist arm of the Royal London Group, has launched knowledge builder, designed to help advisers improve their knowledge of automatic enrolment and the employer duties.
Automatic enrolment will be a big challenge for employers and they are likely to look to their adviser for help. The automatic enrolment knowledge builder will help advisers make the most of this opportunity by providing them with the information they will need to talk about automatic enrolment confidently.
The knowledge builder is broken down into six sections, including a quiz for advisers to test how much they already know and identify any gaps in their knowledge.
The six sections are:
1. When it's happening
2. The effect on pension schemes
3. The effect on the workforce
4. The employer duties
5. The Pensions Regulator
6. Test your knowledge
Scottish Life has also produced a handy reference guide to automatic enrolment and the employer duties which can be downloaded from the Scottish Life automatic enrolment microsite, www.scottishlife.co.uk/ae
Jamie Clark, Business Development Manager at Scottish Life, commented:
"As we draw ever closer to the introduction of automatic enrolment, more and more employers are becoming aware of the issues and are looking for help. Our knowledge builder will help advisers improve their understanding of what it all means, so they can add value to their business by helping employers prepare.
"And as part of our commitment to the corporate market, we'll continue to add support material to our microsite ahead of the launch of our automatic enrolment proposition."
For further information please contact:
Alasdair Buchanan, Head of Communications
0131 456 7133
07919 170 413
Jamie Clark, Business Development Manager
0131 456 7218
020 7566 6750
Scottish Life was founded in 1881 in Edinburgh as a proprietary company, becoming a mutual company in 1968.
On 1 July 2001, Scottish Life demutualised and transferred its business to The Royal London Mutual Insurance Society Limited. Scottish Life is a division of Royal London and is the specialist pensions business within the Group, providing individual and group pensions to the market via intermediaries.
Scottish Life and Royal London's other intermediary businesses are based mainly in Edinburgh where 1,060 staff are employed, with 780 working in other parts of the UK and overseas.
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value quality propositions, operating through a number of brands:
- Scottish Life - UK pensions market
- Bright Grey - UK protection market
- Scottish Provident - UK protection market
- Caledonian Life - ROI protection market
- Royal London 360° - offshore investment markets
- RLAM - fund management
- Royal London Plus - life and pensions administration
- Ascentric/IFDL - Wrap Platform
- MoneyVista - online financial planning service for consumers
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £46.2 billion. Group businesses serve around 4 million customers and employ 2,940 people. Figures quoted are as at 31 December 2011.