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Members of the International Association of Book-keepers (IAB) can help take the stress out of pensions auto-enrolment for clients through a new online tool for bookkeeping members.
IAB members can now use æComply, an automatic tool developed by LEBC Group, to manage auto-enrolment for their clients.
“Pensions auto-enrolment is a complex but important subject,” said Malcolm Trotter, Chief Executive of the IAB. “Many of our members have admitted to being concerned and challenged by the procedures involved, and in some cases have gone as far as to advise clients to look elsewhere for help, which no-one likes doing.
“We wanted to find a way to help our members be confident in advising their clients on auto-enrolment and to help them manage the process, and in æComply we believe we have found that.”
During 2014, more than 33,000 employers with 3.5 million employees will have their staging dates for auto-enrolment, with around 25,000 employers in May and July alone.
æComply helps manage employee enrolments, contribution levels, opt outs, certification, payroll monitoring and communications. It will also help prepare for auto-enrolment by assessing the financial implications for businesses. LEBC can, where required, provide enhanced scenario modelling, internal systems assessments and pension audits.
“æComply ensures employers address auto-enrolment in a professional, compliant manner,” said LEBC’s Business Development Director Simon Leyland. “Employers must be aware that even after their staging date, they will still have an on-going responsibility to review their pension scheme on a regular basis.”
Members of the IAB have already started using æComply.
“We have been impressed with the way LEBC has helped with creating a process to use for clients of all sizes,” said Registered Bookkeeper Bobbie Segal of HRJ Accountancy Services in Loughton, Essex.
“LEBC has provided help and advice on auto-enrolment for our largest client, explaining the legislative requirements and options available in a clear, jargon free manner.
“Now we have a robust auto-enrolment proposition in place, we feel this will give us a competitive advantage over payroll providers who have not done so. It also helps prevent us from losing clients to larger payroll providers offering auto-enrolment solutions.”
The IAB and the LEBC will be hosting a joint webinar on æComply and its uses and advantages for bookkeepers on Tuesday, May 13, from 10.30am to 11.30am.
To register for the webinar, please email iabwebinar@lebc-group.com
Joining details will be sent via email approximately 20 minutes before the start of the webinar.
The International Association of Book-keepers provides bookkeeping and accounting related services to small businesses. Offering a range of accredited IAB bookkeeping qualifications, courses and exams to help students become a fully approved IAB bookkeeper.
For more information visit the IAB Website.
About The International Association of Book-keepers
The International Association of Book-keepers is the leading professional body for professional bookkeepers worldwide.
