Scottish business leaders attend over-subscribed seminar on pension auto-enrolment & RTI
Ceridian UK recently held an over-subscribed seminar onpension auto-enrolment and Real Time Information (RTI) in conjunction with CeeD, a leading Scottish business support group. Punter Southall, actuarial and investment consultants specialising in advice and guidance for company pensions, pension trustees and employees, delivered presentations on the impact on business of pension reform legislation while Ceridian highlighted the impact of the RTI legislation. Both pieces of legislation will impact Scottish businesses in 2013.
Gill Gray from CeeD, a community for business leaders and academics, said:
As an organisation, we support our members through the very real business challenges that they face and these two key areas of legislation place a big impact on Scottish business in terms of employee cost, compliance and responsibility. Recent research has shown that Scottish companies are slow to prepare for auto-enrolment so we wanted to get our members to put it high on their priority list by giving them the key messages needed for them to take the next steps.
David Woodward, chief product and innovation officer of Ceridian UK, said:
The main focus of the presentations was naturally on pension auto-enrolment, which started for the largest organisations on 1 October. Customers from mid-sized and smaller organisations took away two key messages from the presentations. First, payroll is very much at the heart of auto-enrolment as it is only payroll that can accurately and efficiently determine when an employee should be enrolled into a pension scheme and make a contribution. You simply cannot comply accurately with auto-enrolment without payroll. Second, do not underestimate how long the planning for auto-enrolment takes. If you delay you may not be able to secure the right resources and solution. As a result, you may have to settle for second best.
The biggest changes in the cost of employment to hit UK businesses in the last 15 years require technological solutions for compliance. Implementing the right solutions is essential to minimising the cost impact of these changes. Some of the solutions that look less costly at first glance end up being substantially more costly when people work through the costs of gluing them together with what they have today.
Nick Frankland, a principal at Punter Southall’s Edinburgh office, said:
Companies are battling economic conditions while, at the same time, having to plan for complex, far-reaching pension reform. We have worked with a number of organisations who have different solutions but we have chosen to work with Ceridian as we believe they have taken an extremely positive step in developing an auto-enrolment module that is extremely forward-thinking in its approach.
Notes to Editors:
Numbering some 120 organisations, CeeD is a fast growing, problem solving community of businesses and academics. Connected by a common desire to realise improvements in operational efficiency and effectiveness, CeeD member companies freely share knowledge, experience, and expertise across a number of business critical themes. Operating predominantly in West Central Scotland since its formation in 2006, CeeD has recently announced an intention to extend its scope of operations to Edinburgh, Aberdeen and Perth in a plan which has drawn financial support from Scottish Enterprise. CeeD is a not for profit organisation, the membership of which is drawn from academic institutions as well as businesses in the manufacturing, engineering, technology and science sectors.
Ceridian is one of the world’s leading HR and payroll service providers. In the UK, it works with over 5,000 businesses, large and small, delivering quality, accurate payroll and value-added HR services.
Ceridian provides national and international payroll and HR transactional services including HR outsourcing, employee benefits, workforce management, expense management, absence management plus employee assistance programmes.
Innovative Software-as-a-Service (SaaS) solutions are also offered to clients who need a technology solution but prefer to employ their own people. These leading-edge software solutions can be purchased as a complete totally-integrated package, or in scalable modules, designed to flex with organisational needs.
Through decades of global experience, people capability and first class delivery of world class HR transactional solutions, Ceridian increases quality, reduces risk, boosts revenue, lowers cost and frees time for its customers to focus on their priorities.
Ceridian is winner of the Payroll Provider Award, Payroll Software Product Award and Technology Development Award in the 2012 Payroll World Awards.