Automatic Enrolment How Sage can help you and your clients

Transcription

1 Automatic Enrolment How Sage can help you and your clients Intrinsic AE Training June/July

2 Agenda 1.0 Introduction to Sage 1.1 About Us 2.0 Customer insight 2.1 Research findings 2.2 Customer burdens 3.0 How we can help your clients 3.1 Typical questions to explore 3.2 Benefits of the Pensions Module 3.3 The proposition to take to your clients 4.0 How we have helped IFA and clients 4.1 Example of benefits to another IFA and their customers 5.0 How we can help you 5.1 The proposition for your clients 5.2 Income earning opportunity 5.3 The process 5.4 Support available via your Extranet and Sage 2

3 Introduction to Sage A UK Based Global Operation A leading global provider of business management software and services Over 1.3bn annual global revenues More than 12,600 people in a global operation Offices in 22 Countries worldwide Over 30 years experience supporting UK small businesses 3

4 Introduction to Sage In the UK&I 4

5 Auto Enrolment Customer insight

6 Auto Enrolment Customer insight Sources The Pension Regulator, Centre for Economics and Business Research, Sage Omnibus research, Creative Auto Enrolment 6

7 Auto Enrolment Customer insight Sources The Pension Regulator, Centre for Economics and Business Research, Sage Omnibus research, Creative Auto Enrolment 7

8 Auto Enrolment Customer insight Sources The Pension Regulator, Centre for Economics and Business Research, Sage Omnibus research, Creative Auto Enrolment 8

9 Auto Enrolment Customer insight Sources The Pension Regulator, Centre for Economics and Business Research, Sage Omnibus research, Creative Auto Enrolment 9

10 Customer Insight Auto Enrolment Payroll processing burdens Every pay period (weekly, bi-weekly, monthly, etc.) your clients need to Check who has a pension, is it the right pension, how old are they, are they earning more or less this period (taking into consideration pay spikes, etc. Generate and send the right letter, to the right person, at the right time Calculate individual pension contributions (ensuring they comply with TPR legislation) Send data to pension providers meeting the required format for each different provider Manage opt-ins, opt-outs, refunds, etc. 10

11 Auto Enrolment How we can help your clients 11

12 How Sage can help you clients Typical questions to ask a client not using Sage (they may be using other payroll software or outsourced via a bureau) Does your current solution: Allow a 1 click assessment? Automatically identify employees eligible for postponement? Import opt ins/opt outs directly from the pension provider? Automatically process and track refunds when employees opt out? Tell you when letters need to be sent? Allow you to choose whether you print or your letters? Keep a comprehensive audit trail of correspondence attached a copy of each letter to the employee s record? Keep a comprehensive audit trail to fulfil TPR guidelines? Using Sage 50 Payroll and the Pensions Module we can say YES to all of the above 12

13 How Sage can help you clients Benefits of taking Sage 50 s Pension module With Sage 50 Payroll AE edition (without the Pensions Module) The estimated length of time taken to process without module for a company of 50 employees, being paid weekly, takes 250 minutes. With the Sage 50 Payroll Pension module Using the module reduces this time spent by up to 75% giving you the freedom to concentrate on your business 13

14 How Sage can help you clients A proposition for Intrinsic clients to fully understand and prepare for AE along with making it simple to comply now & ongoing Includes AE e-learning suite, worth 200, FREE OF CHARGE E-Learning Sage 50 Payroll Pension Module Guidance for employers and employees Intro to AE and Workplace Pensions Preparation The 7 steps The tasks On-going requirements Staging countdown Action plan Reminders Cost forecaster Progress tool Worker postponement Fast track pensions Assessment Categorisation Enrolment Postponement Opt ins/opt Outs Automated data and payments to pensions provider Automated communications to employees 14

15 Auto enrolment How we have helped clients 15

16 Automatic Enrolment How we have helped IFA and clients 16

17 Automatic Enrolment How we have helped IFA and clients 17

18 Automatic Enrolment How we have helped IFA and clients 18

19 Automatic Enrolment How we have helped IFA and clients 19

20 Automatic Enrolment How we have helped IFA and clients Could you have managed without the pensions module? Not really, no. The first month, I wouldn t want to have to do that again. I think we would need another member of staff to do the admin side, the letters. It s been brilliant Leanne Talbot, JWP Creers, Selby 20

21 Auto enrolment How we can help you

22 How we can help you Simple, quick and reliable auto enrolment and ongoing compliance The proposition to make Automatic Enrolment a success E-Learning FOC (worth 200) Sage 50 Payroll Pension Module Guidance for employers and employees Intro to AE and Workplace Pensions Preparation The 7 steps The tasks On-going requirements Staging countdown Action plan Reminders Cost forecaster Progress tool Worker postponement Fast track pensions Assessment Categorisation Enrolment Postponement Opt ins/opt Outs Automated data and payments to pensions provider Automated communications to employees 22

23 How we can help you Share revenue for converted clients Simply Refer clients via simple process (associating you) Switch to our Payroll & Pension software Share 20% Revenue with you for the first 3 years* Indicative example: Refer 2 clients every month (with employees, single company) who convert to Sage 50 Payroll with Pension module. Over 3 years the revenue shared with you could be in the region of 20,000 * Subject to Terms & Conditions 23

24 How we can help you Simple process to refer clients (inc. their queries), backed-up by highly experienced & recommended Sage staff Access to Sage IFA Line Online demo carried out by Sage IFA Signup IFA Promotes proposition to client base IFA discusses client requirements Lead referred to Sage IFA line Sale made to IFA client and linked to IFA account Commission paid to IFA in line with T s&c s Supporting info available from Intrinsic Extranet Get In Touch: ifa.advice@sage.com 24

25 How we can help you For you, your business and for your clients Further information, including marketing collateral, for you, your business and for your clients is stored on your Intrinsic extranet 25

26 How we can help you Get in touch 26