UK - Insurer Scottish Life has teamed up with software specialist Vebnet to provide a platform for small to medium-sized enterprises to access their pension schemes.
The new online software will offer scheme members access to their benefit statements, fund value as well as details of supplementary employee benefits, such as life insurance, dental care and creche facilities.
Vebnet chief executive Gerry O’Neil said the platform will open up a whole new world for small businesses.
He said: “There is no other service which gives such unprecedented access. It not only allows SMEs the chance to compete with the larger employers but will allow IFAs to provide the same service as the big boys.”
The Department for Work and Pensions (DWP) has launched a website dedicated to signposting people to where they can receive guidance typically associated with a so-called 'mid-life MOT'.
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.