Friendly Pensions becomes the first provider to support Pensions and Payroll Data Interface16 Oct 2014
In an industry first, Friendly Pensions has become the first pension provider in the market to support the transfer of data using the Pensions and Payroll Data Interface Standard (PAPDIS).
This live demonstration was shown at the London ‘Friends of auto enrolment’ where Able internet payroll successfully transferred the PAPDIS file through to the Friendly Pensions portal.
Auto enrolment has without question increased the requirements for the payroll and pensions industry to communicate more than ever before.
Until the release of PAPDIS there has been an overwhelming volume of different formats defined by each pension provider in the market.
This has increased the risk of error, created unnecessary workload, and slowed the setting up of employers with a qualifying workplace pension scheme.
PAPDIS was release on 9 October to address this problem ensuring the transfer of data is consistent.
Arnold Ayton, Partnership Manager at Friendly Pensions comments: “Once again Friendly Pensions is at the forefront of market innovation and early adoption of ground breaking technologies. We fully support the new standard, and now that the adoption of the standard has begun, we urge providers in both payroll and pensions to rally behind the movement for the benefit of employers and industry professionals alike.”
Notes to editor:
Friendly Pensions is an innovative pension provider specialising in auto enrolment solutions for workplace pensions. Built as a highly efficient, agile and responsive business, Friendly Pensions utilises cutting edge technology and cloud software platforms throughout the organisation to position it firmly at the forefront of the industry. A British owned and operated business with a range of solutions including self-serve cloud payroll, payroll with integrated auto enrolment and a fully managed service. We are a new breed of pension company setting new standards within the pension’s arena.
Based at Canada Square, Canary Wharf, Friendly Pensions can be found on the web at www.friendly-pensions.com / @friendlypension