O for Outsourcing ready

O for Outsourcing ready

Nexus helps you manage autoenrolment on behalf of your clients. A single installation of Nexus allows you to manage employers and schemes.

For more information about Nexus, visit www.autoenrolmentadmin.co.uk

N for Nexus

N for Nexus
Nexus is a specialist administration and compliance management software that would help employers perform their auto-enrolment duties and be compliant with the new legislation. Nexus enables you to work with any type of Pension scheme that exists in the market today. Employers can easily plug Nexus into their existing business process to ensure compliance irrespective of how their pension scheme is being administered. 

M for Manage

M for Manage

With Nexus, managing autoenrolment is a breeze.

MANAGE

1. Import your Payroll and HR data to get started or key-in directly into Nexus 
2. Communicate with your employees by using the out-of-the box letters 
3. Manage opt-outs and opt-ins 
4. Bulk re-enrol opted out employees on the re-enrolment date 
5. Manage all required data about the enrolment process – personal details, important dates, membership information, etc. (Even store documents that you receive from employees into Nexus) 
6. Calculate contribution for payroll deduction and for reporting to the pension scheme

L for Bulk Load

L for Bulk Load
You can bulk load data into Nexus from HR/Payroll data. When the data is in the format understandable by Nexus. Nexus supports CSV(comma separated values) file which can be easily created using Excel. Once Bulk loaded/imported into Nexus, then the other information needed are list of address(similar csv file), then periodical payroll data to be fed into Nexus. This is a simple two step process. Select the File and validate the data. Once validation is complete on click of a button this data is in Nexus.

J for Job Categories

J for Job Categories


In addition to supporting the definition of Pensionable salary and tiered contribution rates at scheme level, Nexus also offers this facility at Job Category level. This will allow different segments of the workforce to have different benefits even if they belong to the same scheme. eg. The Manager category could have higher contribution rates compared to the staff category or the sales staff category have their bonus elements added to the definition of pensionable salary if required or vice versa.

The switch from scheme to category can be enabled by simply checking the "Enable category level contribution" flag. This gives a great deal of flexibility to Nexus users. This features is applicable to both for calculating auto-enrolment cost and for calculating contributions for payroll deduction.

If required, if there are special cases where individuals need to have a contribution rate, then even this is possible in Nexus.

I for Interim assessment

I for Interim assessment

The Assessment feature within Nexus provides the flexibility you need with this. For example variations in salary date when one or more of your employees becomes 22 years, etc. are all managed by this assessment process.

Nexus is a specialist administration and compliance management software that would help employers perform their auto-enrolment duties and be compliant with the new legislation. Nexus enables you to work with any type of Pension scheme that exists in the market today. Employers can easily plug Nexus into their existing business process to ensure compliance irrespective of how their pension scheme is being administered.

H for HR data

H for HR data

Simply plug Nexus into your business process by importing your HR data. Necessary validations are performed and detailed error reports if any are provided to further investigate errors if any.  Fully validated interfaces help you import data from your payroll or HR data to be plugged into Nexus.

For more information about Nexus visit www.autoenrolmentadmin.co.uk

g for Guarantee

g for guarantee


Nexus has been designed to ensure an outstanding level of satisfaction for our users. 
Nexus is a specialist auto-enrolment software that supports both administration of employer duties and compliance with the new regulations. Nexus covers all aspects of new regulation i.e. Workforce classification, communication, budgeting additional cost of auto-enrolment, contribution calculation based on scheme rules, data provision for payroll, Enrolment, Opt-out management, Opt-in management, Compliance report and provision of information to The Pension Regulator. 

F for Flexible Assessment

F for Flexible Assessment


Nexus manages three types of assessment.
They are staging date assessment, payroll assessment and then there is interim assesments.

To know more about Nexus visit www.autoenrolmentadmin.co.uk/features.php

E for Email reminders

If you think that there are so many duties to take care of for being compliant with the new regulation then what can be more useful than setting yourself or other members of your organisation email reminders.

Nexus can not only remind(email reminders) you of re-enrolment but can also remind you on compliance status,  enrolment status etc. If required the feature can be further extended to almost any data item held with in Nexus.

D for Document Management

Document Management/Record Keeping is an important aspect of the new duties introduced by the Pension reform. All auto-enrolment related documents like letters issued, opt-ins and opt-outs application forms and all communications have to stored for upto 6 years.

Nexus not only has a well developed document management system, it also stores various communications issued to various members in the database so if any communication has to reproduced it can be done so in a matter of minutes. It has a tagging system where documents can be tagged and later searched on based on it.

Not only this document management system helps you save the documents produced by Nexus but also other documents if any can be scanned or attached(pdfs, docs) with a particular worker/member and saved for future reference.

C for Communication

Communication is an important duty in Auto-enrolment. It is the employer's duty to provide the right information, to the right individual, at the right time. 

Different types of communication include

1) Pension Provider Communication

2) The Pension Regulator Communication and

3) Worker Communication

Irrespective of the category to which they belong, every employer has an obligation to provide certain, specified information to groups of workers within prescribed time limits.

The information that have to be given to Workers is available at the following link

http://www.thepensionsregulator.gov.uk/docs/pensions-reform-resource-information-to-workers-v2.pdf

Nexus provides "ready to issue" letters out-of-the-box and in addition provides reminders if communication outlined in the legislation is not adhered to. "Click, download, print and post" - You can also email these letters if you choose. Other custom letters can be easily added on top of in-built letters.

Visit Nexus feature guide at

http://autoenrolmentadmin.co.uk/features.php

B for Bureau Service

Autoenrolment introduces a raft of employer duties like assessing the workforce, assessing the workforce at various stages like payroll(changes in salary), interim assessment(tracking their birthdate) and when new employees join your workforce, communication, record keeping and compliance duties.

With so many duties to take care of, you can consider outsourcing these duties to Independent Financial Advisers or payroll bureaus who will take care of Auto-enrolment duties on your behalf.

Provide your payroll and HR information to these bureau service providers and they will admister auto-enrolment on your behalf.

Nexus is a specialist auto-enrolment administration and compliance software catering to both end users and to bureau service providers.

A for Auto-enrolment

What is Auto-enrolment?

Auto-enrolment means that every worker(based on certain criteria - salary and age) in UK has to be automatically enrolled into a qualifying pension scheme without any active decision on their part.

Who is affected by Auto-enrolment?

Almost every employer in UK is being affected by Auto-enrolment.

When does Auto-enrolment become effective?

Starting October 2012, auto-enrolment starts for largest employers in UK. Then gradually over a period of two to three years other employers are affected. The date when this new duty starts is known as the staging date. The staging date will be based on the number of persons in the PAYE scheme of the employer. Staging date timeline is found at the following url:

http://www.thepensionsregulator.gov.uk/pensions-reform/staging-date-timeline.aspx

Want to know more about Auto-enrolment and how does it affect you?

There are a range of guides made available by The Pension Regulator at the following link http://www.thepensionsregulator.gov.uk/employers/7-steps.aspx

What are the range of Auto-enrolment duties?

There are a range of new duties introduced by auto-enrolment including assessing the workforce, communicating with the employees, communicating with the pension regulator, communicating with the pension providers, record keeping and managing opt out and opt in requests etc.

How do I manage these range of Auto-enrolment duties?

You can manage these duties either in-house using products like Nexus or outsource these duties to third party administrator like IFAs or payroll bureaus.