NOW: Pensions is a multi employer trust serving tens of thousands of employers and over a million employees from a wide range of sectors.
A company wholly owned by Danish pension scheme ATP, one of Europe’s largest pension funds, NOW: Pensions offers a simple and cost effective workplace pension designed specifically with the auto enrolment market in mind. The master trust structure enables employers of all sizes to benefit from independent governance without incurring the costs normally associated with establishing and running a single employer trust based scheme.
NOW: Pensions works with independent financial advisers and the payroll sector to help serve their clients as well as supporting employers directly.
NOW: Pensions has two boards: a Trustee Board and a Commercial Board.
The NOW: Pensions Trustee Board’s sole responsibility is to ensure that the scheme is run in the best interests of the members at all times. It is an independent body comprised of very experienced individuals with relevant backgrounds and credentials. The Trustee Board oversees decisions on crucial issues such as investment strategy, charges, pension administration and overall risk framework. To download the Policy on Social Responsibility in Investments click here.
The Commercial Board is concerned with the day to day running of NOW: Pensions; the people, the customers, the operations and the financials.