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:

 

…We pride ourselves on our abilities to make the perfect match for both clients and workers. Our decision to appoint NOW: Pensions came as a result of wanting a quality workplace pension scheme that is structured, simple and easy for us to… — Ian Naylor, Legal Director of Randstad
Over a short period of time, NOW: Pensions has established itself as a respected and credible player in the UK workplace pensions market attracting thousands of employers and hundreds of thousands of members. Joining the team at such a crucial time… — Jocelyn Blackwell, Founder of Dunnett Shaw and Raising Standards in Pensions Administration
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've known ATP for many years and have enormous respect for the effectiveness of their investment strategy. I'm convinced that NOW: Pensions can become a major player in the UK and look forward to being a part of that success. — Chris Daykin, the former Government Actuary
“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