Help Centre for Employers

What fees will members and deferred members be charged?

The NOW: Pensions member charging structure is designed to be simple, transparent and fair.

We combine a low annual management charge of 0.3% with a monthly administration charge. By splitting the charge, costs are spread more equitably across all members. It also makes it easier to understand what you’ll pay for your pension every year.

NOW: Pensions charges are fair and cost effective for members and we also offer reduced administration charges for those earning less than £18,000 per year.

The below table outlines the NOW: Pensions member charges:

 

“Redington’s Investment Committee assigned an Approved Rating to the NPI DGF and positive on the fund.” — Redington
“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
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
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 decided to appoint NOW: Pensions because of the simplicity and robustness of its scheme. The NOW: Pensions product is both cost effective and straightforward to implement... — Mark Roberts, Managing Director at gap personnel