Help Centre for Employers

How much is auto enrolment going to cost my company?

This is partly up to the decisions you make in selecting a scheme, the payroll set-up you have and the level of contributions that you wish to make.

Auto enrolment can include some (or all) of the following costs. However, they are difficult to generalise as they will be specific to each company:

  • Payroll costs (additional processing/interface builds/assessment costs)
  • Assessment costs (if not incorporated into the payroll costs)
  • Pension contributions
  • Communication costs
  • Additional administrative support
  • Any financial advice that you may receive
  • Internal implementation costs
  • Pension provider costs

NOW: Pensions charges a monthly employer service charge which covers the costs involved in pension scheme set up and ongoing administration support. However, it is our mission to help keep costs to a minimum.

“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
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'm excited by the opportunity to help bring to the UK auto-enrolment market NOW: Pensions, a customer-friendly and responsive trust-based alternative to NEST and to contract-based offerings. — Chris Daykin, the former Government Actuary
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
NOW: Pensions is supportive, easy for our employees to understand and uncomplicated in terms of its implementation. Its structured approach removes the complicated investment choices & makes auto-enrolment a straightforward and simple process. — Mark Manaton, Managing Director, Blue Arrow Group