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28/02/2013

Fairsail Lowers The Risk Of Accurate Auto-Enrolment

Fairsail, a global workforce collaboration provider, has announced that RICS has chosen its Auto-Enrol product to ensure compliance with the latest Auto-Enrolment legislation for employee pensions.

RICS, which has been raising industry standards since 1868, works closely with organisations around the world insuring excellence in all subjects relating to property, land and construction. It now has more than 100,000 members globally and employs over 650 staff spread across offices in Europe, Asia, the Middle East, Africa, and the Americas. With such a large and diverse workforce RICS' HR team understood complying with Auto-Enrolment regulations would be a time consuming and complex process.

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Jemma McKenzie, HR Business Partner at RICS, commented: "We needed a solution that has the potential to handle the entire process, from assessing eligibility through to managing employee communications, and which could link into payroll to ensure we did not have to go through a lengthy data input exercise. We selected Fairsail because of its potential to handle the entire process, as well as the interaction with our pension scheme providers."

Nic Scott, CEO at Fairsail added: "Auto-Enrolment is a complex and potentially costly process in terms of initial preparation and potential fines of up to £10,000 a day so businesses are rightly anxious to ensure they comply by their allotted staging date. We are delighted to be able to help companies such as RICS ensure compliance and understanding of the latest pension legislations. As a country we need to ensure we can provide for future generations and at Fairsail are working with businesses to help make this process as easy as possible."

(GK)

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