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Marin Palmer, from Friends Life speaks about automatic enrolment

par News Assurances

Friends Life has become a strong player on the pensions market with the recent merger with the Axa UK Life and Pensions business. We have met with Martin Palmer, Head of Corporate Pensions Marketing at Friends Life, who outlines the challenges the pensions market faces today. Clearly Auto enrolment is today the major challenge for employers when considering pension contributions. Martin Palmer outlines the difficulty businesses will face when dealing with a surge in the numbers of contributors. Providers will have solutions ready to help with the process such as platforms that will make that process much more streamlined and take out the manual effort employers have to carry out. Providers are also looking into ways to communicate to contributors about the different schemes. The idea is to communicate to them in a language and through a media that will allow them to better understand as well as engage with the pension plan. The plan to use social networks is a neat way to get this done. Social media platforms only allow a limited amount of characters such as in Twitter, thus making providers develop a more user-friendly terminology that can fit in. This is currently the sector's focus. Find all News Insurances videos here : http://live.news-assurances.com/ And here : http://www.newsinsurances.co.uk/toutes-les-videos