pensionsync is a solution to automate the delivery of data between payroll, AE middleware and pension providers.
We are delighted that pensionsync have agreed to partner with the ICPA to offer all members 20% off of their prices when using the Direct Model (which is the model that most payroll software partners - including QTAC use).
The pricing would therefore be:
- 60p per employer per month submitted through pensionsync (regardless of payroll frequency), plus
- 12p per unique employee per month submitted through pensionsync to a pension provider (regardless of payroll frequency)
In addition, pensionsync will give each practice 2 free months unlimited use from when they submit their first client's data.
If you use pensonsync to submit your own company's pension data then you will be given this free forever (or for companies with more than 30 staff, the employer charge and the first 30 employees would be free).
Users would have access to 6 pension providers now and pensonsync are currently looking to add Standard Life and 15 other Master Trusts early in 2017. The Legal & General offering is particularly interesting for new stagers given that is has no employer charge, guaranteed acceptance plus its choice of funds and low AMCs probably make it the most interesting offering currently available at no extra cost to employers.
Anyone signing up employers through our system can also get access to the lowest rates on the market for Aviva.
The full list of currently live providers is:
- Legal & General
- The People's Pension
- NOW: Pensions
- Nest, and
- Smart Pension