Aviva has teamed up with HR and insurance tech start-up, hibob, to help small and medium sized companies set up their workplace pension schemes.
The hibob platform, which launched in June 2015, simplifies the auto-enrolment process by enabling companies to automatically use their employee information, assess eligibility, plan costs and then feed directly into Aviva’s online system.
From there, a small business owner or their business adviser can complete the auto-enrolment journey, with the whole process taking 15 minutes. hibob clients will also be eligible for a discount on the employer charge with Aviva’s Workplace Pension.
Under auto-enrolment legislation all companies with at least one employee must now offer their staff a pension.
More than 500,000 businesses will go through the process in 2017, with the majority of those being smaller companies who are not finding auto-enrolment easy.
In Aviva’s 2016 Working Lives report only 24% of small businesses said they found the process straightforward.
Andy Beswick, managing director of business solutions at Aviva, said: “We have integrated our systems to make it as easy as possible for SMEs to set up and manage their workplace pension online.
Aviva is committed to being a more digital company and we have already made a huge amount of progress in that area. Working with hibob is a natural step for us.”
He added: “I’m delighted to be working with a really exciting tech start-up which is changing the way small businesses manage their employees. Aviva and hibob share a vision to reduce the complexity of administration so business owners have more time to actually do business. I’m looking forward to continuing this collaboration so we can build systems that really work for SMEs.”
Ronni Zehavi, co-founder and CEO of hibob, said: “Collaborating with a brand like Aviva is incredibly important for us. Aviva is one of the most established companies within this sector and yet the team has a hunger and desire to become one of the most modern and innovative businesses out there.”
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