Profund’s oPen2 achieves HMRC PAYE Recognition

23 July 2014

Profund, the leading provider of pension software in the UK and Ireland, has received HMRC’s PAYE Recognition for its oPen2 pension administration system which offers end-to-end administration and pensioner payroll services from a single data source.

Following the submission of test Real Time Information (RTI) files, HMRC has confirmed that Profund’s oPen2 product has gained PAYE recognition for all 2014-15 RTI messages, which are:

  • Full Payment Submission
  • Employer Payment Summary
  • NINO Verification Request
  • Earlier Year Update

Malcolm Johnson, Managing Director, Profund, commented: “We are delighted to confirm that our oPen2 pensioner payroll system is now fully compatible with HMRC’s legislative requirements for Real Time Information (RTI). This reflects Profund’s commitment to ensuring that all our pensioner payroll products are fully compliant with the continually changing RTI file type requirements.”

Profund is now undergoing a similar process for its other pensioner payroll products: Propay and P3 Payroll.

-ENDS-

Notes to Editors 

Enquiries:

Smithfield Consultants:

Fay Israsena | T: +44 (0)20 7903 0633 |E: fisrasena@smithfieldgroup.com

Julia Cooke | T: +44 (0)20 7903 0674 | E: jcooke@smithfieldgroup.com

About Profund Solutions Limited

As a leading provider of pension software since 1984, Profund Solutions Limited (Profund) has been developing, implementing and supporting systems specifically designed for those with the responsibility for running pension schemes.

Profund is trusted by an impressive client base covering actuaries, accountants, in-house pension departments, pension scheme trustees, the majority of UK third-party administrators and Registered Administrators. Geographical territories extend to Republic of Ireland, Channel Islands, Isle of Man, mainland Europe and the Caribbean.

Profund provides a range of innovative pension software solutions and related consultancy services.

Profund is part of JLT Employee Benefits Group.

About JLT Employee Benefits

JLT Employee Benefits is one of the UK's leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSASs) administration, flexible benefits, healthcare, benefit communication and financial education.

JLT Employee Benefits employs over 2,200 professionals throughout the UK and in 2013 had revenues of £172m in UK & Ireland.

Pensions and employee benefits companies within the JLT Employee Benefits group of companies include: JLT Benefit Solutions Ltd, Profund Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited and Independent Trustee Services Limited. JLT Employee Benefits is part of Jardine Lloyd Thompson Group plc. www.jltemployeebenefits.com

About Jardine Lloyd Thompson Group plc

Jardine Lloyd Thompson is one of the world's largest providers of insurance and employee benefits related advice, brokerage and associated services. JLT's client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.

JLT is quoted on the London Stock Exchange and owns offices in 39 territories with some 9,000 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.

www.jlt.com