More than 60% of employers have a workplace savings platform or intend to review them over the next two years, according to a new guide launched by The Platforum and Lang Cat.
The second Workplace Savings Platform Guide predicted a "rapid growth" of the workplace savings platform market once organisations had overcome the challenges of AE.
However it noted that auto-enrolment (AE) was currently employers' main priority.
According to the guide, there were eight major workplace savings platforms in the UK market with total assets approaching £2bn.
It added that while auto-enrolment had "displaced" workplace savings platforms from the agenda over the short-term, it presented real opportunity for change.
"It's clear to us, from industry feedback, that auto-enrolment is the number one priority occupying everyone at the moment. And that's not going to change any time soon," said The Platforum managing director Holly MacKay.
"The corporate savings platform market is growing, perhaps not anywhere near as fast as many providers had hoped and predicted, but growing nonetheless. More than 60% of employers surveyed told us that they either have a workplace savings platform or intend to review them over the next two years - that's a jump of nearly 30% from this time last year."
Principal of the Lang Cat and co-author of the guide Mark Polson added that savings platforms provided a slicker alternative to older technology implemented post-retail distribution review (RDR).
"The older style systems that group pension schemes have been written on in the past are simply not fit for purpose post-RDR. Better to spend the money now on new-generation technology, and migrate legacy business over time, than find yourself having missed the boat completely in a few years," he concluded.
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