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.


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
We chose NOW: Pensions as it has the best cultural fit for ISS and we believe it will offer our employees the best mix of long term investment returns, strong risk management and low scheme costs for members. NOW: Pensions already has the experience… — Matthew Brabin, CFO, ISS UK
I am backing NOW:Pensions, the ATP project, because I believe it will encourage transparency, low costs and decent returns for millions of British employees. — Nigel Waterson, former Shadow Pensions Minister
...its simple design means the pressure is taken off us as the employer and avoids costly administration charges, whilst removing the burden of choice and ensuring the best possible retirement outcome for our employees. — Matthew Johnson, Head of Compensation and Benefits at Adecco Group UK & Ireland
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