Compulsory Pensions

Starting from 2012, compulsory pensions legislation will come into effect for UK employers dependent upon the number of workers in their organisation. The largest employers will be affected first, with smaller employers gradually following until all employers must comply with auto enrolment duties.

This means that employers must provide a workplace pension scheme for workers who meet certain criteria and pay contributions into that scheme on their behalf. Eligible workers are those who work in the UK, are between the ages of 22 and State Pension age, and earn over £8,105 per annum. Please note, that these figures are correct for the 2012/13 tax year and may be subject to change.

It may seem daunting and expensive to employers with no current pension provision for their workers, but NOW: Pensions can help guide you through the process with a set of simple solutions designed to provide you with the support you need to fulfil your auto enrolment duties. We can provide a tailored service that allows you to have as little or as much involvement in the process as necessary for your business. The flexible and low cost solutions which NOW: Pensions provides,means that the auto enrolment process needn’t be overwhelming. Compulsory pensions can actually provide a great opportunity for employers to streamline existing systems and provide employee benefits that promote loyalty amongst their workers.

Although employees can opt out of compulsory pensions, it is a valuable opportunity to start saving for retirement and ensure future financial security. Many people may find pensions confusing and complicated, but at NOW: Pensions we will do everything we can to ensure that all employees understand the benefits that are being provided to them. We pride ourselves on an accountable and transparent service with no hidden fees or charges, so members can be safe in the knowledge that they are well looked after by their employer and by NOW: Pensions.


NOW: Pensions is based on ATP’s successful model in Denmark, which has featured consistently in the ‘best of breed’ category at IPE awards. We believe that NOW: Pensions’ UK solution will be the most beneficial for our employees. — Piers Diacre, Publisher of IPE
I've known ATP for many years and have enormous respect for the effectiveness of their investment strategy. I'm convinced that NOW:Pensions can become a major player in the UK and look forward to being a part of that success. — Chris Daykin, the former Government Actuary
Why do we insist on having a choice of fund manager when the evidence shows there is usually no benefit to be gained…and there is always a negative impact in terms of cost? — Anthony Hilton financial editor of the Evening Standard writing in Pensions World, June 2013
… We particularly like that NOW: Pensions combines impressive investment and risk management, which should help staff achieve better results over the long term. — Liam Kennedy, Editorial Director at IPE
We believe NOW: Pensions offers the best option for IPE - a high quality, low cost pension scheme that is both simple for us to implement and easy for our employees to track ... — Liam Kennedy, Editorial Director at IPE