21 January 2016

Employers and advisers setting up a new qualifying workplace pension scheme through Standard Life's Good to Go online solution between 28 January and 30 April 2016 will not have to start paying their monthly employer scheme fee until January 2017.

Fees normally start as soon as an employer enrols members into a scheme, but Standard Life is giving employers a special offer, allowing them to use Good to Go free until January 2017.

With the right data to hand, Good to Go provides employers with automated quote, application and scheme set-up in less than six minutes. Since the Government's auto enrolment initiative began in October 2012, over 5.47 million people have been enrolled in qualifying workplace pension schemes, with Standard Life having enrolled nearly 900,000 new members as of 31 December 2015.

Alan Ritchie, Head of Employer & Trustee Proposition at Standard Life, said: 'Our aim in offering this fee holiday on Good To Go is to encourage employers to experience our award-winning solution and to help them take the first steps towards a high-quality workplace pension. This offer, combined with being able to set up so quickly and easily, means employers can have everything in place well before their staging dates and focus on other key business decisions.'

We're helping employers not only meet their requirement to have a workplace pension, but to set up one easily that will benefit their business. A business's people are one of its biggest assets, and the right workplace pension can help them with the recruitment, retention, reward and retirement of a high quality workforce.'

In March 2015, Standard Life removed all minimum eligibility criteria, paving the way for any small or medium-sized business which has not already staged to enrol their employees quickly and efficiently into a high quality pension proposition.

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Notes to editors
About Standard Life

  • Launched in December 2013, Good to Go enables quote, application and set-up of a qualifying workplace pension scheme in less than 6 minutes (with data to hand) using a totally automated, paperless process. From the employer or adviser hitting the apply button to Standard Life completing the scheme set-up and issuing a confirmation email, the average processing time is 46 seconds compared to the industry norm of several weeks. For more information, please visit www.goodtogopensions.com and www.adviserzone.com/goodtogo
  • Standard Life is a leading long term investment savings business, dedicated to helping to build a more prosperous world and enabling people to have confidence in their own future. This has been important to Standard Life since it was established in Edinburgh in 1825.
  • Since then, Standard Life has been growing globally. Today, the Standard Life Group employs around 6,500 people internationally - through businesses in the UK, Europe, North America, Asia and Australia.
  • Around 4.5 million customers worldwide trust Standard Life with their financial future and the business is responsible for the administration of £302 billion of their assets (as at end of October 2015). Standard Life supports a further 20 million customers through its Chinese and Indian joint venture businesses.
  • The Standard Life Investments brand offers truly global asset management expertise with strong investment capabilities.
  • Wherever Standard Life operates in the world, it is motivated by a sense of responsibility. That is what has helped it be a sustainable business over the long term. Standard Life is proud to be listed as a leader for corporate sustainability in its industry in the Dow Jones Sustainability Indices (DJSI World and DJSI Europe).
  • In the UK, Standard Life offers a range of individual and group pensions, SIPPs, ISAs, annuities, life assurance, offshore bonds, investment management, wealth management, tax and estate planning services. By understanding and offering innovative products and the right support, Standard Life makes it easier for its customers and clients to plan ahead and feel more confident about the future.
  • Standard Life plc is listed on the London Stock Exchange and with around 1.2 million individual shareholders in over 50 countries around the world. It is one of the top 500 companies worldwide, by revenue, as listed in the 2015 Fortune Global 500.
  • You can follow Standard Life Group on www.twitter.com/StandardLifeplc

Department for Work & Pensions, Auto Enrolment evaluation report 2015

Standard Life plc issued this content on 21 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 February 2016 19:21:26 UTC

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