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 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
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
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 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