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.


I firmly believe in NOW: Pensions' principle that everyone deserves the right to a better retirement. I look forward to being part of the team which aims to achieve this in the UK. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
NOW: Pensions' risk management and diversified growth fund are state of the art. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
I am excited to be joining such a distinguished Board of Trustees, over-seeing a modern, transparent, cost efficient and high-performing pension fund. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
“We were impressed with the simplicity of its scheme. The ease of implementation was also a big plus for us and has removed much of the administrative headache.” — Neil Tune, HR director at Fitness First
ATP comes to the UK pensions world with the highest commendations from the Danish trade unions, employers and government. NOW: Pensions' offering in the UK will be high quality, low cost, and honest and I'm proud to be associated with it. — John Monks, member of House of Lords and former General Secretary of ETUC and TUC