Broadstone announces auto-enrolment agreement with Standard Life

Broadstone Corporate Benefits Ltd (BROADSTONE) a leading independent national employee benefit consultancy, today announced a strategic alliance with Standard Life for delivering a packaged auto-enrolment solution to small and medium enterprises (SMEs) staging from January 2014 onwards.

BROADSTONE's clients will benefit from access to a streamlined auto-enrolment solution via Standard Life's Group Flexible Retirement Plan that provides:

  • online functionality for employer, employees and BROADSTONE
  • unlimited member investment fund switching
  • actively managed default investment fund and wide range of additional fund options
  • a suite of member and employer communications.

Mark Howlett, Chief Executive of BROADSTONE said: "Our experience of advising and project managing auto-enrolment for large, complex organisations highlights the need for a streamlined, process-driven solution for SMEs seeking to minimise use of internal resource and time and contain cost. The sheer number of employers commencing auto-enrolment in 2014 dictates that a process-driven solution is the safest way for SMEs to ensure that they meet their employer duties – particularly if they wake up to those responsibilities relatively close to their staging date.

By partnering with Standard Life as a principal provider for SME auto-enrolment we can significantly reduce the burden on our clients by ensuring a rapid, straightforward process with the security of knowing that it is underpinned by a reliable, tested, technology platform."

Alan Reid, workplace distribution director, Standard Life adds: "With over 35,000 employers staging during 2014 there is going to be increasing demand for adviser services and for solutions which are simple and easy for employers to implement. We are looking forward to working with BROADSTONE and demonstrating our commitment to supporting small and medium-sized clients, and ultimately helping make auto-enrolment a success."

For press information contact Redleaf Polhill:

Broadstone Corporate Benefits Limited ('BROADSTONE') has today announced the acquisition of Blythwood Group Limited ('Blythwood') subject to FCA approval.

BROADSTONE has acquired the business of Blythwood to further strengthen and grow its corporate benefits offering. It follows the acquisition of Pope Anderson LLP and the UBS Corporate Pensions businesses in the last twelve months.

Both BROADSTONE and Blythwood believe that the acquisition:

Combines the specialist skills and focus on excellence of client delivery from both organisations Presents an excellent market opportunity, providing greater scale as the industry continues to consolidate Gives both parties the ability to broaden the range of services on offer to clients. Following FCA approval of the acquisition, the Broadstone Group will employ 220 people across eight locations in the UK.

Commenting on today's announcement BROADSTONE Chief Executive, Mark Howlett explained:

The acquisition of Blythwood is a further step in our ambitious growth strategy in the corporate benefits arena. Blythwood's proven expertise and specialist skills will be a valuable asset to BROADSTONE and allow us to broaden the range of services we offer to clients. Today is an exciting moment in BROADSTONE's history; it represents a significant step in the growth of this company and we look forward to working with our colleagues at Blythwood to ensure our corporate benefits offering goes from strength to strength."

Derek Gray, Managing Director of Blythwood Group, commented:

"I am delighted that we will be joining with BROADSTONE. We have considered this opportunity over a period of time and believe that the close alignment of business cultures and values will be extremely beneficial for both our clients and staff. We very much look forward to working with BROADSTONE and being able to provide our clients with a broader range of appropriate services."

For press information contact Redleaf Polhill:

Jonathan Atkins +44 (0)20 7382 4752

or Standard Life:

Steve Hartley on 0131 245 1365