Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Close Bros AM launches auto-enrolment platform for small companies

Close Bros AM launches auto-enrolment platform for small companies

Close Brothers Asset Management (CBAM) has launched an auto-enrolment proposition for smaller businesses.

CloseToMyPension Smart aims to streamline the auto-enrolment process for employers and provide support from initial set-up and communications through to project management pre and post-staging. The service offers access to Close Brothers’ master trust pension scheme, YourWorkplacePension, so employers can deal with a single provider.

The firm, led by Martin Andrew (pictured), noted the service can support a single, automatic enrolment contribution structure, a single monthly payroll and compliance with simple scheme rules.

The wealth management group also offers CloseToMyPension Dynamic, which has a range of providers and is designed for larger employers or those with bespoke automatic enrolment requirements.

Maxine McIntyre, head of corporate proposition at CBAM, said: 'Auto-enrolment does not have to mean total upheaval for employers. While the resource and cost of introducing new systems and procedures may seem daunting, we have created this platform to support SMEs by offering an effective way to streamline the whole process. By alleviating the administrative burden and the need to deal with multiple third parties and systems, the platform is a third arm for employers as they adapt to the new requirements.'

There are no charges on contributions for either employees or employers, and for those using the scheme, and there are no minimum or maximum contributions required.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter